Herc Holdings Inc. (NYSE:HRI) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its holdings in Herc Holdings Inc. (NYSE:HRIFree Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,464 shares of the transportation company’s stock after selling 3,569 shares during the period. Quadrature Capital Ltd’s holdings in Herc were worth $1,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Herc by 213.3% during the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 160 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 265 shares in the last quarter. CWM LLC grew its holdings in shares of Herc by 45.3% in the fourth quarter. CWM LLC now owns 359 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Herc in the fourth quarter valued at approximately $108,000. Finally, Legato Capital Management LLC acquired a new position in shares of Herc in the fourth quarter valued at approximately $202,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Aaron Birnbaum sold 5,844 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the transaction, the chief operating officer now owns 48,232 shares in the company, valued at approximately $7,347,180.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Aaron Birnbaum sold 5,844 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the sale, the chief operating officer now owns 48,232 shares in the company, valued at approximately $7,347,180.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Christian J. Cunningham sold 6,607 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $155.37, for a total transaction of $1,026,529.59. Following the completion of the sale, the senior vice president now owns 60,029 shares of the company’s stock, valued at approximately $9,326,705.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,996 shares of company stock worth $5,656,956. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HRI shares. The Goldman Sachs Group lifted their price objective on shares of Herc from $155.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird boosted their price target on shares of Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. began coverage on shares of Herc in a report on Friday. They set a “neutral” rating and a $155.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $153.00.

Get Our Latest Report on Herc

Herc Trading Up 0.4 %

Shares of Herc stock opened at $133.18 on Tuesday. The company has a fifty day simple moving average of $151.34 and a 200-day simple moving average of $149.04. Herc Holdings Inc. has a 12-month low of $100.17 and a 12-month high of $171.00. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.95. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.65 and a beta of 2.18.

Herc (NYSE:HRIGet Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The company had revenue of $804.00 million during the quarter. On average, equities analysts forecast that Herc Holdings Inc. will post 14.59 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, May 30th. Herc’s payout ratio is 21.97%.

Herc Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Herc (NYSE:HRI)

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