Teacher Retirement System of Texas Invests $460,000 in Herc Holdings Inc. (HRI)

Teacher Retirement System of Texas bought a new stake in shares of Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,352 shares of the transportation company’s stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HRI. Boothbay Fund Management LLC bought a new stake in Herc in the 3rd quarter worth approximately $218,000. Fox Run Management L.L.C. lifted its stake in shares of Herc by 67.3% during the 4th quarter. Fox Run Management L.L.C. now owns 6,859 shares of the transportation company’s stock valued at $429,000 after buying an additional 2,759 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Herc by 12.1% during the 3rd quarter. SG Americas Securities LLC now owns 11,180 shares of the transportation company’s stock valued at $549,000 after buying an additional 1,208 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Herc during the 3rd quarter valued at $641,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Herc by 2,022.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,974 shares of the transportation company’s stock valued at $746,000 after buying an additional 18,080 shares in the last quarter. Institutional investors own 96.46% of the company’s stock.

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HRI has been the topic of several recent research reports. Barclays initiated coverage on shares of Herc in a research report on Tuesday, December 12th. They set an “overweight” rating and a $70.00 target price on the stock. ValuEngine upgraded shares of Herc from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. KeyCorp reissued a “buy” rating and set a $68.00 target price on shares of Herc in a research report on Monday, December 18th. Northcoast Research reissued a “neutral” rating on shares of Herc in a research report on Tuesday, December 19th. Finally, Zacks Investment Research cut shares of Herc from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $57.00.

Shares of NYSE:HRI traded down $2.69 during midday trading on Friday, reaching $62.31. The company’s stock had a trading volume of 130,115 shares, compared to its average volume of 169,712. The firm has a market capitalization of $1,769.54, a P/E ratio of -194.72 and a beta of 2.35. The company has a debt-to-equity ratio of 4.41, a current ratio of 1.63 and a quick ratio of 1.55. Herc Holdings Inc. has a twelve month low of $33.27 and a twelve month high of $72.99.

Herc (NYSE:HRI) last released its quarterly earnings results on Wednesday, February 28th. The transportation company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.18). The firm had revenue of $491.70 million for the quarter, compared to analyst estimates of $447.86 million. Herc had a net margin of 9.14% and a negative return on equity of 0.88%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.49) EPS. equities analysts anticipate that Herc Holdings Inc. will post 0.92 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Herc (NYSE:HRI)

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