Herc Holdings Inc. (NYSE:HRI) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its stake in Herc Holdings Inc. (NYSE:HRI) by 20.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,414 shares of the transportation company’s stock after selling 12,484 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.17% of Herc worth $7,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in Herc by 226.4% in the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock worth $752,000 after purchasing an additional 3,914 shares in the last quarter. Welch Group LLC boosted its holdings in Herc by 87.1% during the second quarter. Welch Group LLC now owns 6,082 shares of the transportation company’s stock worth $811,000 after buying an additional 2,832 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Herc by 4.1% during the second quarter. Assenagon Asset Management S.A. now owns 43,049 shares of the transportation company’s stock valued at $5,738,000 after buying an additional 1,709 shares during the period. 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 buying an additional 108 shares in the last quarter. Finally, Argent Capital Management LLC raised its position in shares of Herc by 61.4% in the second quarter. Argent Capital Management LLC now owns 4,345 shares of the transportation company’s stock worth $579,000 after acquiring an additional 1,653 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Trading Down 0.3 %

Shares of HRI stock opened at $228.62 on Friday. Herc Holdings Inc. has a fifty-two week low of $119.98 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $201.36 and its two-hundred day moving average is $161.34. The firm has a market capitalization of $6.50 billion, a P/E ratio of 18.69, a PEG ratio of 1.31 and a beta of 2.02.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.00 earnings per share. Research analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of the firm’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 completion of the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the transaction, the director now owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays boosted their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three equities 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, Herc currently has a consensus rating of “Hold” and a consensus target price 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.