Herc Holdings Inc. (NYSE:HRI) SVP Tamir Peres Sells 5,821 Shares

Herc Holdings Inc. (NYSE:HRI) SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the transaction, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Herc Stock Down 7.5 %

Herc stock traded down $11.74 during trading on Thursday, reaching $144.10. 376,594 shares of the company’s stock were exchanged, compared to its average volume of 228,699. The company’s 50-day moving average is $138.58 and its two-hundred day moving average is $149.05. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. Herc Holdings Inc. has a 52-week low of $100.17 and a 52-week high of $171.00. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.93 and a beta of 2.08.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, May 30th. Herc’s dividend payout ratio is presently 21.97%.

Analyst Upgrades and Downgrades

HRI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. started coverage on Herc in a research report on Friday, June 7th. They issued a “neutral” rating and a $155.00 price target for the company. StockNews.com lowered Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. The Goldman Sachs Group boosted their price objective on shares of Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Robert W. Baird restated a “neutral” rating and issued a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.50.

Institutional Trading of Herc

Several large investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Herc in the fourth quarter worth about $1,552,000. Midwest Financial Group LLC acquired a new stake in shares of Herc during the fourth quarter worth approximately $226,000. Phocas Financial Corp. boosted its stake in Herc by 73.4% during the 4th quarter. Phocas Financial Corp. now owns 51,192 shares of the transportation company’s stock valued at $7,622,000 after acquiring an additional 21,666 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Herc by 6.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,476 shares of the transportation company’s stock worth $964,000 after acquiring an additional 413 shares in the last quarter. Finally, Xponance Inc. acquired a new stake in shares of Herc during the 4th quarter valued at approximately $255,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

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.