Whalen Wealth Management Inc. Purchases Shares of 4,833 Herc Holdings Inc. (NYSE:HRI)

Whalen Wealth Management Inc. purchased a new position in Herc Holdings Inc. (NYSE:HRI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,833 shares of the transportation company’s stock, valued at approximately $771,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Herc by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after purchasing an additional 38,798 shares during the last quarter. Tidal Investments LLC acquired a new stake in Herc during the first quarter worth about $990,000. SG Americas Securities LLC lifted its holdings in Herc by 226.4% in the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock valued at $752,000 after acquiring an additional 3,914 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Herc by 232.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock worth $2,461,000 after purchasing an additional 10,217 shares in the last quarter. Finally, Quest Partners LLC grew its stake in shares of Herc by 15,137.8% during the 2nd quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock worth $914,000 after purchasing an additional 6,812 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 in the company, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This trade represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,880 shares of company stock worth $3,342,960. Corporate insiders own 1.70% of the company’s stock.

Herc Stock Performance

NYSE:HRI opened at $217.48 on Tuesday. Herc Holdings Inc. has a fifty-two week low of $119.08 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 company has a 50 day moving average price of $179.49 and a 200 day moving average price of $154.35. The stock has a market capitalization of $6.18 billion, a P/E ratio of 17.78, a PEG ratio of 1.25 and a beta of 2.02.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). Herc had a net margin of 10.09% and a return on equity of 26.35%. The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $931.33 million. During the same quarter last year, the business earned $4.00 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts forecast that Herc Holdings Inc. will post 13.59 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HRI shares. Barclays increased their target price on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird reiterated a “neutral” rating and set a $155.00 target price on shares of Herc in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Four investment 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.com, Herc has an average rating of “Hold” and an average price target of $212.25.

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.