Quantbot Technologies LP Sells 11,180 Shares of Herc Holdings Inc. (NYSE:HRI)

Quantbot Technologies LP cut its holdings in Herc Holdings Inc. (NYSE:HRI) by 51.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,342 shares of the transportation company’s stock after selling 11,180 shares during the period. Quantbot Technologies LP’s holdings in Herc were worth $1,649,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Herc by 8.3% during the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after purchasing an additional 56,191 shares during the period. American Century Companies Inc. raised its position in shares of Herc by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock valued at $74,908,000 after purchasing an additional 87,330 shares during the period. Charles Schwab Investment Management Inc. raised 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 valued at $63,011,000 after purchasing an additional 23,411 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Herc during the 3rd quarter valued at $35,996,000. Finally, Bank of New York Mellon Corp raised its position in shares of Herc by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company’s stock valued at $26,439,000 after purchasing an additional 12,277 shares during the period. 93.11% of the stock is currently owned by institutional investors.

Herc Trading Up 1.0 %

Shares of HRI opened at $232.07 on Friday. Herc Holdings Inc. has a 1-year low of $119.74 and a 1-year high of $246.88. The company has a 50-day moving average of $195.60 and a 200 day moving average of $159.33. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.32 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 data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share 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 for the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the previous year, the business earned $4.00 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current year.

Insider Transactions at Herc

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on HRI. Barclays raised their price objective on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on shares of Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” 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 stock. According to MarketBeat.com, Herc presently has a consensus rating of “Hold” and an average price target of $212.25.

Herc Profile

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.