Truvestments Capital LLC Invests $80,000 in Herc Holdings Inc. (NYSE:HRI)

Truvestments Capital LLC bought a new stake in Herc Holdings Inc. (NYSE:HRI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 504 shares of the transportation company’s stock, valued at approximately $80,000.

Several other large investors also recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in shares of Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after buying an additional 87,330 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Herc by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock worth $63,011,000 after purchasing an additional 23,411 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Herc during the third quarter worth $35,996,000. Bank of New York Mellon Corp raised its stake in Herc by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company’s stock valued at $26,439,000 after buying an additional 12,277 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Herc by 30.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,615 shares of the transportation company’s stock worth $21,940,000 after buying an additional 31,774 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Buying and Selling

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the sale, the senior vice president now directly owns 21,586 shares in the company, valued at $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares in the company, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Herc Stock Up 1.0 %

HRI opened at $231.04 on Wednesday. The business has a 50 day simple moving average of $191.05 and a 200-day simple moving average of $157.81. Herc Holdings Inc. has a 12 month low of $119.08 and a 12 month high of $246.88. The stock has a market capitalization of $6.56 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.28 and a beta of 2.02. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). Herc had a net margin of 10.09% and a return on equity of 26.35%. The company had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. During the same quarter in the prior year, the business earned $4.00 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HRI has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Herc presently has a consensus rating of “Hold” and a consensus target price of $212.25.

About Herc

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.