Herc Holdings Inc. (NYSE:HRI) Shares Purchased by UBS Group AG

UBS Group AG raised its stake in Herc Holdings Inc. (NYSE:HRIFree Report) by 110.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,605 shares of the transportation company’s stock after purchasing an additional 22,895 shares during the period. UBS Group AG owned about 0.15% of Herc worth $6,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Herc in the fourth quarter valued at approximately $43,505,000. Panagora Asset Management Inc. acquired a new stake in shares of Herc in the 4th quarter valued at $3,350,000. First Eagle Investment Management LLC lifted its position in shares of Herc by 11.6% during the 4th quarter. First Eagle Investment Management LLC now owns 92,759 shares of the transportation company’s stock worth $13,811,000 after purchasing an additional 9,677 shares during the last quarter. ARGA Investment Management LP purchased a new stake in shares of Herc during the 4th quarter worth $1,595,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Herc by 17.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 3,371 shares of the transportation company’s stock worth $502,000 after purchasing an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on HRI shares. StockNews.com upgraded Herc from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. The Goldman Sachs Group boosted their target price on Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Robert W. Baird increased their price target on shares of Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. One 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $152.50.

Read Our Latest Research Report on HRI

Insiders Place Their Bets

In other news, CEO Lawrence Harris Silber sold 20,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the sale, the chief executive officer now directly owns 213,382 shares of the company’s stock, valued at $33,887,195.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Lawrence Harris Silber sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $158.81, for a total value of $3,176,200.00. Following the transaction, the chief executive officer now owns 213,382 shares of the company’s stock, valued at $33,887,195.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tamir Peres sold 3,545 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $159.10, for a total value of $564,009.50. Following the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,996 shares of company stock valued at $5,656,956. Insiders own 1.70% of the company’s stock.

Herc Stock Up 0.9 %

HRI opened at $137.19 on Thursday. The stock has a market capitalization of $3.90 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.67 and a beta of 2.17. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.51 and a current ratio of 1.51. Herc Holdings Inc. has a one year low of $100.17 and a one year high of $171.00. The business’s 50-day simple moving average is $153.39 and its 200-day simple moving average is $148.68.

Herc (NYSE:HRIGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.12). The firm had revenue of $804.00 million for the quarter. Herc had a return on equity of 28.68% and a net margin of 10.31%. Analysts anticipate that Herc Holdings Inc. will post 14.59 EPS for the current year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, May 30th. Herc’s dividend payout ratio is currently 21.97%.

Herc Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding HRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herc Holdings Inc. (NYSE:HRIFree Report).

Institutional Ownership by Quarter for Herc (NYSE:HRI)

Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.