Advisors Asset Management Inc. Grows Stock Holdings in Herc Holdings Inc. $HRI

Advisors Asset Management Inc. increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 34.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,239 shares of the transportation company’s stock after purchasing an additional 9,812 shares during the quarter. Advisors Asset Management Inc. owned 0.12% of Herc worth $5,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRI. CWM LLC increased its stake in Herc by 114.4% in the first quarter. CWM LLC now owns 1,042 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 556 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Herc in the first quarter valued at $948,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Herc by 8.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,912 shares of the transportation company’s stock valued at $1,062,000 after acquiring an additional 634 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Herc in the first quarter valued at approximately $195,000. Finally, Vestcor Inc purchased a new position in shares of Herc in the first quarter valued at $271,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Up 0.6%

HRI stock opened at $137.23 on Thursday. The firm has a market capitalization of $4.57 billion, a PE ratio of -54.46, a PEG ratio of 1.71 and a beta of 1.87. The business’s 50 day simple moving average is $128.87 and its 200 day simple moving average is $128.56. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 4.28. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $236.39.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 EPS for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%.The firm had revenue of $745.00 million for the quarter. As a group, research analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on HRI. Wells Fargo & Company started coverage on shares of Herc in a research report on Thursday, November 13th. They set an “overweight” rating and a $170.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Herc from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Baird R W upgraded Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Robert W. Baird set a $200.00 price objective on Herc in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

About Herc

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.