Herc Holdings Inc. (NYSE:HRI) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 19.5% in the third quarter, HoldingsChannel reports. The fund owned 78,147 shares of the transportation company’s stock after buying an additional 12,779 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Herc were worth $12,460,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HRI. Vaughan Nelson Investment Management L.P. acquired a new position in Herc during the third quarter worth approximately $35,996,000. American Century Companies Inc. increased its holdings in shares of Herc by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after buying an additional 87,330 shares during the last quarter. FMR LLC raised its position in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock worth $117,470,000 after buying an additional 56,191 shares during the period. Ceredex Value Advisors LLC boosted its holdings in Herc by 145.7% in the third quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock valued at $14,624,000 after acquiring an additional 54,400 shares during the last quarter. Finally, Candriam S.C.A. purchased a new stake in Herc during the second quarter valued at about $4,556,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Stock Down 0.9 %

Shares of NYSE:HRI opened at $230.00 on Tuesday. The company has a 50 day moving average of $197.08 and a two-hundred day moving average of $159.87. Herc Holdings Inc. has a 52-week low of $119.74 and a 52-week high of $246.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.33 and a beta of 2.02.

Herc (NYSE:HRI) last released its quarterly earnings results 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 firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. Herc’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.00 earnings per share. As a group, analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

HRI has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays increased their price objective on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $212.25.

Insider Transactions at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Kelly sold 3,880 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 13,774 shares of the company’s stock, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.