Herc Holdings Inc. (NYSE:HRI) SVP Sells $1,065,600.00 in Stock

Herc Holdings Inc. (NYSE:HRI) SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Herc Price Performance

Shares of NYSE HRI opened at $209.14 on Friday. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.26 and a beta of 2.07. The firm’s 50 day simple moving average is $161.66 and its 200-day simple moving average is $148.90. Herc Holdings Inc. has a 12 month low of $105.00 and a 12 month high of $214.62.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a net margin of 10.09% and a return on equity of 27.16%. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same quarter in the prior year, the business posted $4.00 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts expect that Herc Holdings Inc. will post 13.17 EPS for the current year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a $0.665 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 1.27%. Herc’s payout ratio is 21.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com lowered Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. JPMorgan Chase & Co. increased their price target on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Barclays lifted their price objective on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Herc presently has a consensus rating of “Hold” and a consensus target price of $212.25.

Institutional Trading of Herc

Several institutional investors have recently bought and sold shares of HRI. Vanguard Group Inc. raised its stake in shares of Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after buying an additional 38,798 shares during the period. American Century Companies Inc. lifted its holdings in Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock valued at $74,908,000 after purchasing an additional 87,330 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Herc by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company’s stock valued at $26,439,000 after purchasing an additional 12,277 shares during the period. Capital Research Global Investors increased its stake in shares of Herc by 185.7% during the first quarter. Capital Research Global Investors now owns 170,649 shares of the transportation company’s stock worth $28,720,000 after purchasing an additional 110,922 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Herc by 26.2% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,841 shares of the transportation company’s stock worth $14,107,000 after purchasing an additional 21,971 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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.