John G Ullman & Associates Inc. Has $5.80 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

John G Ullman & Associates Inc. cut its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,471 shares of the transportation company’s stock after selling 400 shares during the period. John G Ullman & Associates Inc. owned 0.12% of Herc worth $5,801,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRI. Norges Bank bought a new stake in Herc in the fourth quarter valued at approximately $43,505,000. Capital International Investors acquired a new stake in shares of Herc in the 4th quarter valued at $30,457,000. Theleme Partners LLP boosted its holdings in shares of Herc by 26.2% in the 4th quarter. Theleme Partners LLP now owns 817,891 shares of the transportation company’s stock valued at $121,776,000 after purchasing an additional 169,886 shares in the last quarter. 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 purchasing an additional 60,715 shares in the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of Herc in the 4th quarter valued at $8,893,000. Institutional investors own 93.11% of the company’s stock.

Herc Trading Up 4.3 %

Shares of HRI stock traded up $5.43 during mid-day trading on Thursday, hitting $132.82. The company’s stock had a trading volume of 228,752 shares, compared to its average volume of 211,169. The company’s fifty day simple moving average is $139.78 and its 200-day simple moving average is $148.58. Herc Holdings Inc. has a 52 week low of $100.17 and a 52 week high of $171.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $3.77 billion, a PE ratio of 10.97, a P/E/G ratio of 0.65 and a beta of 2.08.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The firm had revenue of $804.00 million during the quarter. As a group, equities research analysts expect that Herc Holdings Inc. will post 14.1 earnings per share for the current fiscal year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.665 per share. The ex-dividend date was Thursday, May 30th. This represents a $2.66 dividend on an annualized basis and a yield of 2.00%. Herc’s dividend payout ratio (DPR) is currently 21.97%.

Insider Buying and Selling at Herc

In other news, CEO Lawrence Harris Silber sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $158.81, for a total value of $3,176,200.00. Following the transaction, the chief executive officer now owns 213,382 shares in the company, valued at approximately $33,887,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Herc news, SVP Christian J. Cunningham sold 6,607 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $155.37, for a total transaction of $1,026,529.59. Following the sale, the senior vice president now owns 60,029 shares of the company’s stock, valued at approximately $9,326,705.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lawrence Harris Silber sold 20,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the sale, the chief executive officer now owns 213,382 shares in the company, valued at approximately $33,887,195.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,451 shares of company stock worth $5,092,946. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HRI. StockNews.com raised Herc from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. JPMorgan Chase & Co. began coverage on Herc in a report on Friday, June 7th. They set a “neutral” rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Herc has an average rating of “Hold” and an average price target of $153.00.

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.