Jade Capital Advisors LLC Takes $3.19 Million Position in Herc Holdings Inc. (NYSE:HRI)

Jade Capital Advisors LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,000 shares of the transportation company’s stock, valued at approximately $3,189,000. Herc accounts for about 2.0% of Jade Capital Advisors LLC’s portfolio, making the stock its 15th largest position. Jade Capital Advisors LLC owned about 0.07% of Herc as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Herc by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,898,147 shares of the transportation company’s stock valued at $431,505,000 after buying an additional 60,715 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of Herc by 172.4% during the 1st quarter. Kovack Advisors Inc. now owns 5,878 shares of the transportation company’s stock worth $989,000 after purchasing an additional 3,720 shares during the last quarter. Oak Ridge Investments LLC boosted its stake in shares of Herc by 2.1% during the 1st quarter. Oak Ridge Investments LLC now owns 22,982 shares of the transportation company’s stock worth $3,868,000 after purchasing an additional 465 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Herc during the 1st quarter worth about $960,000. Finally, Hunter Associates Investment Management LLC boosted its position in shares of Herc by 30.5% in the first quarter. Hunter Associates Investment Management LLC now owns 8,947 shares of the transportation company’s stock worth $1,516,000 after acquiring an additional 2,093 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Down 1.7 %

Shares of Herc stock opened at $169.16 on Tuesday. Herc Holdings Inc. has a 12-month low of $100.17 and a 12-month high of $178.93. The stock has a market capitalization of $4.80 billion, a P/E ratio of 13.97, a PEG ratio of 1.00 and a beta of 2.07. The stock has a 50 day moving average price of $149.94 and a two-hundred day moving average price of $146.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.34). Herc had a return on equity of 26.99% and a net margin of 10.00%. The business had revenue of $848.00 million for the quarter, compared to the consensus estimate of $813.05 million. Equities analysts expect that Herc Holdings Inc. will post 13.68 earnings per share for the current year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, August 22nd. Herc’s dividend payout ratio is currently 21.97%.

Insider Transactions at Herc

In other news, SVP Tamir Peres sold 5,821 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares in the company, valued at $5,632,047.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Herc news, SVP Tamir Peres sold 5,821 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at $5,632,047.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on HRI. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird restated a “neutral” rating and issued a $155.00 price target on shares of Herc in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Herc from $150.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Herc currently has an average rating of “Hold” and a consensus price target of $170.75.

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.