Herc Holdings Inc. (NYSE:HRI) Position Boosted by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC boosted its position in Herc Holdings Inc. (NYSE:HRI) by 145.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,725 shares of the transportation company’s stock after buying an additional 54,400 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.32% of Herc worth $14,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRI. Farther Finance Advisors LLC boosted its stake in Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 270 shares during the period. US Bancorp DE boosted its position in Herc by 187.6% during the 3rd quarter. US Bancorp DE now owns 1,303 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 850 shares during the period. Hunter Associates Investment Management LLC boosted its position in Herc by 11.0% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,349 shares of the transportation company’s stock valued at $1,643,000 after purchasing an additional 1,022 shares during the period. Welch Group LLC grew its stake in Herc by 1.9% during the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock worth $988,000 after buying an additional 118 shares during the last quarter. Finally, Argent Capital Management LLC increased its position in Herc by 15.0% in the third quarter. Argent Capital Management LLC now owns 4,997 shares of the transportation company’s stock worth $797,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Trading Up 0.6 %

Shares of NYSE:HRI opened at $210.31 on Friday. The company has a 50 day moving average of $162.94 and a 200-day moving average of $149.26. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The firm has a market cap of $5.97 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.21 and a beta of 2.07. Herc Holdings Inc. has a twelve month low of $108.50 and a twelve month high of $214.62.

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

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, August 22nd. Herc’s payout ratio is currently 21.75%.

Insiders Place Their Bets

In related news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at $5,609,016.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,880 shares of company stock worth $3,342,960. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on HRI shares. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird restated a “neutral” rating and issued a $155.00 target price on shares of Herc in a research report on Tuesday, July 23rd. The Goldman Sachs Group lifted their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays increased their price objective on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the company a “neutral” 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.