1,243 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,243 shares of the transportation company’s stock, valued at approximately $235,000.

Other large investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd raised its stake 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 buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after buying an additional 270 shares during the period. GAMMA Investing LLC boosted its stake in shares of Herc by 704.2% in the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after buying an additional 338 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Herc during the third quarter worth about $80,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Up 2.0 %

Shares of HRI stock opened at $209.93 on Wednesday. The stock has a 50 day simple moving average of $205.90 and a 200-day simple moving average of $174.88. Herc Holdings Inc. has a 1-year low of $124.70 and a 1-year high of $246.88. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.06 and a beta of 2.06. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22.

Herc (NYSE:HRI) last posted its quarterly earnings data 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). The company had revenue of $965.00 million for 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 business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.00 earnings per share. On average, equities research analysts expect that Herc Holdings Inc. will post 13.48 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, December 16th. Herc’s dividend payout ratio is presently 21.75%.

Insider Buying and Selling

In other news, Director Michael A. Kelly sold 3,880 shares of the 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HRI has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays increased their price target on shares of 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. lifted their price objective on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Herc currently has a consensus rating of “Hold” and a consensus target price of $219.75.

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.