Herc Holdings Inc. (NYSE:HRI) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. decreased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,097 shares of the transportation company’s stock after selling 2,896 shares during the quarter. Phocas Financial Corp. owned about 0.16% of Herc worth $7,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HRI. Vanguard Group Inc. grew its position in Herc by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock valued at $494,288,000 after acquiring an additional 38,798 shares in the last quarter. Tidal Investments LLC purchased a new stake in Herc during the 1st quarter worth $990,000. SG Americas Securities LLC lifted its holdings in Herc by 226.4% in the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock worth $752,000 after buying an additional 3,914 shares in the last quarter. 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 valued at $2,461,000 after buying an additional 10,217 shares during the last quarter. Finally, Quest Partners LLC grew its stake in shares of Herc by 15,137.8% during the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 6,812 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were 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 $2,876,424.42. This represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 21,586 shares in the company, valued at $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,880 shares of company stock worth $3,342,960. Corporate insiders own 1.70% of the company’s stock.

Herc Price Performance

Shares of NYSE:HRI opened at $217.48 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88. The business has a fifty day simple moving average of $179.49 and a 200 day simple moving average of $154.35. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.25 and a beta of 2.02.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on HRI. The Goldman Sachs Group boosted their price target on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays increased their target price on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird reissued a “neutral” rating and set a $155.00 price target on shares of Herc in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $212.25.

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.