Cwm LLC Increases Stake in Herc Holdings Inc. (NYSE:HRI)

Cwm LLC boosted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 45.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 359 shares of the transportation company’s stock after purchasing an additional 112 shares during the period. Cwm LLC’s holdings in Herc were worth $53,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Versor Investments LP boosted its position in Herc by 5.4% in the third quarter. Versor Investments LP now owns 2,000 shares of the transportation company’s stock valued at $238,000 after buying an additional 102 shares during the last quarter. Signaturefd LLC increased its stake in shares of Herc by 213.3% in the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after acquiring an additional 160 shares during the period. Amalgamated Bank raised its holdings in shares of Herc by 4.2% during the third quarter. Amalgamated Bank now owns 4,340 shares of the transportation company’s stock worth $516,000 after purchasing an additional 173 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Herc by 6.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,476 shares of the transportation company’s stock valued at $964,000 after purchasing an additional 413 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Herc by 16.5% in the third quarter. Mackenzie Financial Corp now owns 3,755 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 533 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Transactions at Herc

In related news, COO Aaron Birnbaum sold 5,844 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the transaction, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at approximately $7,347,180.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Tamir Peres sold 3,545 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the transaction, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Aaron Birnbaum sold 5,844 shares of the stock in a transaction dated Thursday, April 25th. The shares were 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 of the company’s stock, valued at approximately $7,347,180.56. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Herc Stock Performance

NYSE HRI opened at $155.43 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.95. Herc Holdings Inc. has a twelve month low of $98.53 and a twelve month high of $171.00. The stock has a 50-day moving average of $158.61 and a 200 day moving average of $143.96. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.72 and a beta of 2.27.

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

Analysts Set New Price Targets

HRI has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $152.50.

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.