Motley Fool Wealth Management LLC Buys 17,315 Shares of Herc Holdings Inc. (NYSE:HRI)

Motley Fool Wealth Management LLC boosted its position in shares of Herc Holdings Inc. (NYSE:HRI) by 26.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,863 shares of the transportation company’s stock after acquiring an additional 17,315 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Herc were worth $13,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC grew its stake in shares of Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 61 shares during the period. Chartwell Investment Partners LLC increased its stake in Herc by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock worth $1,275,000 after acquiring an additional 65 shares during the last quarter. MQS Management LLC increased its position in Herc by 3.8% in the third quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock worth $310,000 after purchasing an additional 71 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Herc by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock valued at $686,000 after buying an additional 108 shares in the last quarter. Finally, Welch Group LLC raised its position in Herc by 1.9% during the third quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock valued at $988,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Activity

In related 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 transaction of $1,065,600.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 in the company, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Herc Stock Performance

Herc stock opened at $228.89 on Wednesday. Herc Holdings Inc. has a fifty-two week low of $119.74 and a fifty-two week high of $246.88. The company has a market capitalization of $6.50 billion, a PE ratio of 18.72, a P/E/G ratio of 1.32 and a beta of 2.02. The company has a 50 day moving average price of $198.48 and a 200-day moving average price of $160.39. 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 posted 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 return on equity of 26.35% and a net margin of 10.09%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same period in the previous year, the company posted $4.00 EPS. Herc’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on HRI shares. Barclays upped their price target on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price objective on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Herc has an average 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.