Schroder Investment Management Group purchased a new position in Herc Holdings Inc. (NYSE:HRI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 81,321 shares of the transportation company’s stock, valued at approximately $4,164,000. Schroder Investment Management Group owned 0.29% of Herc as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Herc in the second quarter worth $118,000. Natixis purchased a new stake in shares of Herc in the second quarter worth $203,000. Sun Life Financial INC purchased a new stake in shares of Herc in the second quarter worth $213,000. Prudential Financial Inc. purchased a new stake in shares of Herc in the third quarter worth $215,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Herc in the second quarter worth $401,000. 94.56% of the stock is currently owned by institutional investors.
In other news, Director Herbert L. Henkel bought 10,000 shares of the stock in a transaction on Tuesday, November 27th. The shares were bought at an average price of $34.68 per share, with a total value of $346,800.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $346,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.
Shares of NYSE:HRI opened at $30.45 on Friday. The firm has a market cap of $895.98 million, a PE ratio of 18.49 and a beta of 2.75. The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.08 and a current ratio of 1.14. Herc Holdings Inc. has a 1 year low of $30.22 and a 1 year high of $72.99.
Herc (NYSE:HRI) last announced its quarterly earnings results on Thursday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.67. The firm had revenue of $516.20 million for the quarter, compared to the consensus estimate of $499.86 million. Herc had a return on equity of 9.58% and a net margin of 12.99%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, research analysts predict that Herc Holdings Inc. will post 2.34 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on HRI shares. Zacks Investment Research cut Herc from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Northcoast Research raised Herc from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday, October 22nd. They noted that the move was a valuation call. Barclays set a $60.00 price target on Herc and gave the company a “buy” rating in a report on Friday, November 9th. Royal Bank of Canada lowered their price target on Herc to $60.00 and set an “outperform” rating on the stock in a report on Friday, November 9th. Finally, ValuEngine downgraded Herc from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Herc presently has an average rating of “Hold” and a consensus price target of $59.14.
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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.
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