John G Ullman & Associates Inc. Has $5.40 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

John G Ullman & Associates Inc. lowered its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,871 shares of the transportation company’s stock after selling 450 shares during the period. John G Ullman & Associates Inc. owned about 0.12% of Herc worth $5,400,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC grew its stake in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after buying an additional 61 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in Herc by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock worth $1,275,000 after buying an additional 65 shares during the period. MQS Management LLC grew its holdings in Herc by 3.8% during the 3rd quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock worth $310,000 after acquiring an additional 71 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Herc by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock valued at $686,000 after purchasing an additional 108 shares during the period. Finally, Welch Group LLC lifted its holdings in Herc by 1.9% during the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock worth $988,000 after buying an additional 118 shares during the period. 93.11% of the stock is currently owned by institutional investors.

Herc Trading Down 0.9 %

HRI opened at $213.54 on Thursday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50-day moving average is $182.82 and its 200 day moving average is $155.32. The firm has a market capitalization of $6.07 billion, a PE ratio of 17.46, a P/E/G ratio of 1.24 and a beta of 2.02. Herc Holdings Inc. has a fifty-two week low of $119.08 and a fifty-two week high of $246.88.

Herc (NYSE:HRI) last posted its 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 firm had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the previous year, the company earned $4.00 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts predict that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Insider Activity at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the company’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 owns 21,586 shares in the company, valued at approximately $4,600,408.32. This 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, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,880 shares of company stock worth $3,342,960. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

About Herc

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.