Herc Holdings Inc. (NYSE:HRI) Shares Sold by TT International Asset Management LTD

TT International Asset Management LTD lessened its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,798 shares of the transportation company’s stock after selling 6,548 shares during the period. TT International Asset Management LTD’s holdings in Herc were worth $1,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRI. Signaturefd LLC raised its holdings in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after buying an additional 61 shares during the period. Covestor Ltd increased its holdings in shares of Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 133 shares during the period. Farther Finance Advisors LLC increased 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 purchasing an additional 270 shares during the period. GAMMA Investing LLC increased its holdings in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 338 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Herc in the 3rd quarter valued at about $80,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HRI shares. Barclays upped their target price on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, 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 research note on Thursday, December 12th. 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, the company has an average rating of “Hold” and a consensus price target of $219.75.

Herc Stock Performance

Shares of NYSE:HRI opened at $178.43 on Monday. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The firm has a market cap of $5.07 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The business has a fifty day moving average of $209.01 and a 200-day moving average of $171.97.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) 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 company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same quarter last year, the business posted $4.00 EPS. Herc’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, December 16th. Herc’s dividend payout ratio (DPR) is currently 21.75%.

Insiders Place Their Bets

In related news, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction that occurred on Thursday, October 24th. The stock was 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 of the company’s stock, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 in the company, 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. Company insiders own 1.80% of the company’s stock.

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.