Herc Holdings Inc. (NYSE:HRI) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Herc Holdings Inc. (NYSE:HRI) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 637,070 shares of the transportation company’s stock after buying an additional 6,874 shares during the quarter. Geode Capital Management LLC’s holdings in Herc were worth $101,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted 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 worth $45,000 after acquiring an additional 61 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings 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 purchasing an additional 65 shares during the period. MQS Management LLC boosted its position in Herc by 3.8% during 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 in the last quarter. Stifel Financial Corp grew its holdings in Herc by 4.1% in the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 80 shares during the period. Finally, SummerHaven Investment Management LLC increased its position in shares of Herc by 2.1% in the second 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. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Trading Down 4.6 %

Shares of HRI stock opened at $186.03 on Thursday. Herc Holdings Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $210.18 and its two-hundred day moving average is $165.31. The firm has a market capitalization of $5.28 billion, a P/E ratio of 15.21, a PEG ratio of 1.21 and a beta of 2.02.

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

Herc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be given a $0.665 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.43%. Herc’s dividend payout ratio (DPR) is presently 21.75%.

Insider Activity at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the transaction, the director now directly owns 13,774 shares in the company, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This trade 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.

Analysts Set New Price Targets

HRI has been the topic of a number of recent analyst reports. Barclays increased 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. JPMorgan Chase & Co. lifted their target price on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Herc has a consensus rating of “Hold” and a consensus target price of $219.75.

Herc Company 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.