Ceredex Value Advisors LLC Has $14.61 Million Position in Herc Holdings Inc. $HRI

Ceredex Value Advisors LLC grew its stake in Herc Holdings Inc. (NYSE:HRI) by 42.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,925 shares of the transportation company’s stock after acquiring an additional 33,075 shares during the quarter. Ceredex Value Advisors LLC owned 0.33% of Herc worth $14,608,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Midwest Financial Group LLC raised its holdings in Herc by 12.5% in the second quarter. Midwest Financial Group LLC now owns 1,803 shares of the transportation company’s stock worth $237,000 after purchasing an additional 200 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in Herc by 10.5% during the second quarter. Johnson Investment Counsel Inc. now owns 2,215 shares of the transportation company’s stock worth $292,000 after acquiring an additional 210 shares in the last quarter. AlphaQuest LLC grew its stake in Herc by 158.2% in the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 223 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Herc in the second quarter worth about $36,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Herc by 114.7% during the second quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock worth $77,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Ratings Changes

HRI has been the subject of several research analyst reports. Citigroup boosted their price objective on Herc from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. Baird R W upgraded shares of Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Wall Street Zen raised shares of Herc from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Robert W. Baird set a $200.00 target price on Herc in a report on Wednesday, October 29th. One investment 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 stock. Based on data from MarketBeat, Herc currently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Herc Stock Performance

Shares of HRI opened at $132.39 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -52.54, a PEG ratio of 1.71 and a beta of 1.87. Herc Holdings Inc. has a 12 month low of $96.18 and a 12 month high of $236.39. The firm has a fifty day simple moving average of $129.32 and a 200 day simple moving average of $128.61. 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 (NYSE:HRI) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 EPS for the quarter. The firm had revenue of $745.00 million for the quarter. Herc had a negative net margin of 1.68% and a positive return on equity of 16.32%. Research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

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.