CIBC Private Wealth Group LLC Buys 900 Shares of Herc Holdings Inc. (NYSE:HRI)

CIBC Private Wealth Group LLC increased its holdings in Herc Holdings Inc. (NYSE:HRIFree Report) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,487 shares of the transportation company’s stock after purchasing an additional 900 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Herc were worth $519,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew 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 purchasing an additional 160 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock worth $46,000 after purchasing an additional 265 shares during the last quarter. CWM LLC grew its stake in shares of Herc by 45.3% in the fourth quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after purchasing an additional 112 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Herc in the fourth quarter worth $108,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Herc in the third quarter worth $173,000. Institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Shares of NYSE HRI opened at $133.18 on Tuesday. The firm’s 50-day moving average price is $151.34 and its 200-day moving average price is $149.04. Herc Holdings Inc. has a 1-year low of $100.17 and a 1-year high of $171.00. The firm has a market capitalization of $3.78 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.65 and a beta of 2.18. 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 (NYSE:HRIGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The company had revenue of $804.00 million for the quarter. Equities research analysts anticipate that Herc Holdings Inc. will post 14.59 earnings per share for the current fiscal year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.665 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.66 annualized dividend and a dividend yield of 2.00%. Herc’s dividend payout ratio is currently 21.97%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HRI. JPMorgan Chase & Co. assumed coverage on shares of Herc in a research note on Friday. They issued a “neutral” rating and a $155.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Herc from $155.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird boosted their target price on shares of Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $153.00.

Check Out Our Latest Stock Report on HRI

Insider Activity

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 transaction of $3,176,200.00. Following the transaction, the chief executive officer now owns 213,382 shares in the company, valued at $33,887,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Lawrence Harris Silber sold 20,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $158.81, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction 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. Over the last 90 days, insiders have sold 35,996 shares of company stock worth $5,656,956. Company insiders own 1.70% of the company’s stock.

Herc Company 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.

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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