Herc Holdings Inc. (NYSE:HRI) Shares Bought by III Capital Management

III Capital Management grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 58.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,760 shares of the transportation company’s stock after purchasing an additional 11,693 shares during the period. Herc makes up about 0.4% of III Capital Management’s portfolio, making the stock its 21st biggest holding. III Capital Management owned about 0.11% of Herc worth $5,063,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after purchasing an additional 208 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after buying an additional 61 shares during the period. Covestor Ltd grew its holdings in shares of Herc by 70.4% during the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 270 shares during the period. Finally, GAMMA Investing LLC raised its stake in Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after acquiring an additional 338 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Buying and Selling at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 21,586 shares of the company’s stock, valued at $4,600,408.32. The trade was a 18.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares of the company’s stock, valued at $2,876,424.42. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Herc Trading Up 0.0 %

Shares of HRI stock traded up $0.03 on Tuesday, hitting $230.16. 6,475 shares of the stock traded hands, compared to its average volume of 251,240. Herc Holdings Inc. has a twelve month low of $119.74 and a twelve month high of $246.88. The stock has a market capitalization of $6.54 billion, a PE ratio of 18.81, a PEG ratio of 1.33 and a beta of 2.02. The firm’s 50-day moving average price is $197.08 and its two-hundred day moving average price is $159.87. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on HRI. Barclays upped their target price on 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 upped their price objective on shares of Herc from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.