Herc Holdings Inc. (NYSE:HRI) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in Herc Holdings Inc. (NYSE:HRI) by 0.2% during the third quarter, HoldingsChannel.com reports. The firm owned 44,510 shares of the transportation company’s stock after selling 80 shares during the period. D.A. Davidson & CO.’s holdings in Herc were worth $7,096,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 208 shares in the last quarter. Signaturefd LLC raised its position in shares of Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd raised its position in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 133 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Herc by 369.9% during the 3rd 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 in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 338 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Herc

In related news, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s 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 directly owns 21,586 shares of the company’s stock, valued at $4,600,408.32. This represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Herc Trading Down 0.5 %

NYSE:HRI opened at $229.84 on Thursday. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.31 and a beta of 2.02. The business has a fifty day moving average of $192.61 and a 200-day moving average of $158.32. 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 (NYSE:HRI) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. During the same period in the previous year, the company posted $4.00 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts predict that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

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.