Motley Fool Asset Management LLC Acquires 32,062 Shares of Herc Holdings Inc. (NYSE:HRI)

Motley Fool Asset Management LLC grew its position in shares of Herc Holdings Inc. (NYSE:HRI) by 220.3% during the third quarter, HoldingsChannel.com reports. The firm owned 46,614 shares of the transportation company’s stock after purchasing an additional 32,062 shares during the period. Motley Fool Asset Management LLC’s holdings in Herc were worth $7,450,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of Herc by 226.4% during the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock valued at $752,000 after purchasing an additional 3,914 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Herc by 15,137.8% in the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock worth $914,000 after acquiring an additional 6,812 shares during the period. Lombard Odier Asset Management USA Corp lifted its stake in shares of Herc by 265.6% in the second quarter. Lombard Odier Asset Management USA Corp now owns 9,534 shares of the transportation company’s stock worth $1,271,000 after acquiring an additional 6,926 shares during the period. Quantbot Technologies LP lifted its stake in shares of Herc by 1,230.2% in the second quarter. Quantbot Technologies LP now owns 21,522 shares of the transportation company’s stock worth $2,869,000 after acquiring an additional 19,904 shares during the period. Finally, Candriam S.C.A. acquired a new position in shares of Herc in the second quarter worth approximately $4,556,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $4,600,408.32. This represents a 18.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Herc Trading Down 0.5 %

NYSE HRI opened at $228.89 on Wednesday. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.32 and a beta of 2.02. Herc Holdings Inc. has a 52 week low of $119.74 and a 52 week high of $246.88. The business has a 50 day moving average price of $198.48 and a 200-day moving average price of $160.39. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc (NYSE:HRI) last announced 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 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 company posted $4.00 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted 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. Barclays lifted 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, The Goldman Sachs Group lifted their target price on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.