Algert Global LLC Buys 9,860 Shares of Herc Holdings Inc. (NYSE:HRI)

Algert Global LLC boosted its stake in Herc Holdings Inc. (NYSE:HRI) by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,523 shares of the transportation company’s stock after acquiring an additional 9,860 shares during the period. Algert Global LLC owned 0.13% of Herc worth $5,823,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HRI. Vaughan Nelson Investment Management L.P. acquired a new position in Herc in the third quarter valued at approximately $35,996,000. American Century Companies Inc. raised its position in shares of Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after purchasing an additional 87,330 shares during the period. Ceredex Value Advisors LLC raised its position in shares of Herc by 145.7% during the third quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock worth $14,624,000 after purchasing an additional 54,400 shares during the period. Vanguard Group Inc. raised its position 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 period. Finally, Candriam S.C.A. acquired a new position in shares of Herc during the second quarter worth approximately $4,556,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Up 2.4 %

Shares of NYSE:HRI opened at $222.92 on Friday. The company has a market capitalization of $6.33 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 1.25 and a beta of 2.02. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The business has a fifty day moving average price of $187.77 and a two-hundred day moving average price of $156.67. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HRI shares. JPMorgan Chase & Co. upped their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays increased their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price target on Herc from $178.00 to $204.00 and gave the company 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 given a buy rating to the stock. According to MarketBeat, Herc has a consensus rating of “Hold” and an average target price of $212.25.

Insider Transactions 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the transaction, the senior vice president now owns 21,586 shares of the company’s stock, valued at $4,600,408.32. The trade was a 18.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,880 shares of company stock worth $3,342,960. 1.80% of the stock is owned by company insiders.

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.