Raymond James & Associates Sells 104 Shares of Herc Holdings Inc. (NYSE:HRI)

Raymond James & Associates reduced its stake in Herc Holdings Inc. (NYSE:HRI) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,202 shares of the transportation company’s stock after selling 104 shares during the period. Raymond James & Associates’ holdings in Herc were worth $849,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Herc by 6.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,609 shares of the transportation company’s stock worth $212,000 after acquiring an additional 98 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Herc by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 1,498 shares of the transportation company’s stock worth $264,000 after acquiring an additional 102 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Herc by 90.9% in the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after acquiring an additional 150 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Herc by 7.2% in the first quarter. Harbour Investments Inc. now owns 2,251 shares of the transportation company’s stock worth $256,000 after acquiring an additional 152 shares during the period. Finally, Boothbay Fund Management LLC boosted its holdings in shares of Herc by 2.5% in the fourth quarter. Boothbay Fund Management LLC now owns 7,402 shares of the transportation company’s stock worth $974,000 after acquiring an additional 179 shares during the period. 93.88% of the stock is owned by institutional investors.

Herc Trading Up 9.1 %

NYSE HRI opened at $124.00 on Monday. The stock’s 50-day simple moving average is $117.35 and its two-hundred day simple moving average is $120.02. Herc Holdings Inc. has a twelve month low of $93.97 and a twelve month high of $162.46. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.83 and a beta of 2.44.

Herc (NYSE:HRI) last released its quarterly earnings results on Monday, October 23rd. The transportation company reported $4.00 earnings per share for the quarter, missing analysts’ consensus estimates of $4.10 by ($0.10). Herc had a net margin of 10.93% and a return on equity of 32.27%. The firm had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $893.11 million. During the same quarter in the previous year, the business earned $3.42 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Research analysts forecast that Herc Holdings Inc. will post 12.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HRI. KeyCorp lowered their price objective on Herc from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird increased their price objective on Herc from $105.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 25th. Bank of America downgraded Herc from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $150.00 to $140.00 in a research report on Friday, July 21st. Finally, StockNews.com began coverage on Herc in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $147.25.

Insider Activity

In other news, CEO Lawrence Harris Silber sold 3,054 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $128.94, for a total transaction of $393,782.76. Following the transaction, the chief executive officer now directly owns 221,956 shares of the company’s stock, valued at $28,619,006.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Herc 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.