Strs Ohio Sells 3,800 Shares of Herc Holdings Inc. (NYSE:HRI)

Strs Ohio cut its holdings in Herc Holdings Inc. (NYSE:HRIGet Rating) by 44.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,800 shares of the transportation company’s stock after selling 3,800 shares during the period. Strs Ohio’s holdings in Herc were worth $498,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HRI. Ceredex Value Advisors LLC lifted its stake in Herc by 546.1% in the second quarter. Ceredex Value Advisors LLC now owns 711,800 shares of the transportation company’s stock worth $64,169,000 after purchasing an additional 601,625 shares during the last quarter. Invesco Ltd. increased its position in shares of Herc by 30.1% in the first quarter. Invesco Ltd. now owns 1,128,905 shares of the transportation company’s stock valued at $188,630,000 after acquiring an additional 261,276 shares during the period. Franklin Resources Inc. increased its position in shares of Herc by 36.4% in the second quarter. Franklin Resources Inc. now owns 849,130 shares of the transportation company’s stock valued at $76,548,000 after acquiring an additional 226,404 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Herc in the second quarter valued at about $16,074,000. Finally, Bank of America Corp DE increased its position in shares of Herc by 31.3% in the first quarter. Bank of America Corp DE now owns 642,919 shares of the transportation company’s stock valued at $107,425,000 after acquiring an additional 153,362 shares during the period. 96.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HRI shares. StockNews.com started coverage on shares of Herc in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. KeyCorp boosted their price objective on shares of Herc from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Barclays boosted their price target on shares of Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. Finally, The Goldman Sachs Group reduced their price target on shares of Herc from $168.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.83.

Insiders Place Their Bets

In other Herc news, CFO Mark Irion sold 4,194 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $131.37, for a total value of $550,965.78. Following the sale, the chief financial officer now owns 47,520 shares in the company, valued at $6,242,702.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Carl C. Icahn sold 5,432 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $133.39, for a total value of $724,574.48. Following the transaction, the insider now owns 3,945,603 shares in the company, valued at $526,303,984.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Irion sold 4,194 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $131.37, for a total transaction of $550,965.78. Following the completion of the transaction, the chief financial officer now owns 47,520 shares in the company, valued at approximately $6,242,702.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,923 shares of company stock worth $23,853,997. 1.40% of the stock is currently owned by company insiders.

Herc Price Performance

Shares of HRI opened at $143.84 on Thursday. The stock has a market cap of $4.21 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.52 and a beta of 2.45. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.09 and a current ratio of 1.09. Herc Holdings Inc. has a fifty-two week low of $83.43 and a fifty-two week high of $175.00. The firm’s 50-day simple moving average is $133.08 and its two-hundred day simple moving average is $119.35.

Herc (NYSE:HRIGet Rating) last announced its quarterly earnings data on Thursday, October 20th. The transportation company reported $3.42 earnings per share for the quarter, missing analysts’ consensus estimates of $3.52 by ($0.10). The business had revenue of $745.10 million during the quarter. Herc had a return on equity of 30.20% and a net margin of 12.01%. Analysts anticipate that Herc Holdings Inc. will post 11.4 earnings per share for the current fiscal year.

Herc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Monday, December 12th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, December 9th. Herc’s dividend payout ratio (DPR) is presently 22.95%.

Herc Profile

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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.

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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