Herc Holdings Inc. (NYSE:HRI) COO Aaron Birnbaum Sells 5,844 Shares

Herc Holdings Inc. (NYSE:HRI) COO Aaron Birnbaum sold 5,844 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total transaction of $890,216.52. Following the completion of the sale, the chief operating officer now owns 48,232 shares in the company, valued at approximately $7,347,180.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Herc Price Performance

HRI opened at $152.58 on Tuesday. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.74 and a beta of 2.27. The company has a current ratio of 1.51, a quick ratio of 1.44 and a debt-to-equity ratio of 2.95. Herc Holdings Inc. has a 12-month low of $93.97 and a 12-month high of $171.00. The business’s fifty day simple moving average is $159.18 and its 200-day simple moving average is $142.29.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, February 13th. The transportation company reported $3.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.05). Herc had a return on equity of 28.68% and a net margin of 10.31%. The business had revenue of $831.00 million for the quarter, compared to the consensus estimate of $858.06 million. During the same quarter in the previous year, the company earned $3.44 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Herc Holdings Inc. will post 14.59 earnings per share for the current fiscal year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Wednesday, February 21st were paid a $0.665 dividend. This is an increase from Herc’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.66 dividend on an annualized basis and a yield of 1.74%. Herc’s payout ratio is 21.97%.

Institutional Trading of Herc

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in shares of Herc by 213.3% during the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 160 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Herc by 576.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after buying an additional 265 shares during the last quarter. CWM LLC boosted its holdings in shares of Herc by 45.3% in the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock valued at $53,000 after buying an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Herc in the 4th quarter worth approximately $108,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in shares of Herc during the 1st quarter worth approximately $227,000. Institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group boosted their price objective on Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, StockNews.com raised Herc from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Herc currently has a consensus rating of “Hold” and an average target price of $152.50.

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.