Fisher Asset Management LLC Purchases 992 Shares of Herc Holdings Inc. (NYSE:HRI)

Fisher Asset Management LLC lifted its position in shares of Herc Holdings Inc. (NYSE:HRI) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 413,314 shares of the transportation company’s stock after buying an additional 992 shares during the quarter. Fisher Asset Management LLC’s holdings in Herc were worth $65,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HRI. Algert Global LLC grew its holdings in Herc by 37.0% during the 3rd quarter. Algert Global LLC now owns 36,523 shares of the transportation company’s stock worth $5,823,000 after acquiring an additional 9,860 shares during the last quarter. Citigroup Inc. grew its stake in shares of Herc by 191.1% in the third quarter. Citigroup Inc. now owns 27,858 shares of the transportation company’s stock worth $4,441,000 after purchasing an additional 18,289 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Herc by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock worth $63,011,000 after purchasing an additional 23,411 shares during the last quarter. Foundry Partners LLC bought a new position in Herc during the 3rd quarter worth $4,889,000. Finally, Intech Investment Management LLC acquired a new position in Herc during the 3rd quarter worth about $1,001,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

HRI has been the subject of a number of analyst reports. Barclays raised their price objective on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Herc currently has an average rating of “Hold” and an average price target of $212.25.

Herc Price Performance

Herc stock opened at $228.96 on Tuesday. The stock’s 50 day moving average price is $189.48 and its two-hundred day moving average price is $157.29. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.28 and a beta of 2.02. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. Herc Holdings Inc. has a 52-week low of $119.08 and a 52-week high of $246.88.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). The company 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 company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $4.00 earnings per share. On average, equities analysts predict that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, the director now 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 legal filing with the SEC, which is available at this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction dated Tuesday, October 29th. The shares were 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. This trade represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Herc 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.