Herc Holdings Inc. $HRI Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. boosted its stake in Herc Holdings Inc. (NYSE:HRI) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,286 shares of the transportation company’s stock after acquiring an additional 411 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Herc were worth $433,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Herc during the 2nd quarter valued at approximately $36,000. Byrne Asset Management LLC acquired a new position in Herc during the 2nd quarter valued at about $45,000. FNY Investment Advisers LLC bought a new stake in Herc during the second quarter worth approximately $47,000. AlphaQuest LLC raised its holdings in shares of Herc by 158.2% in the 2nd quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock worth $48,000 after purchasing an additional 223 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Herc by 114.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 312 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Citigroup raised their target price on Herc from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Robert W. Baird set a $200.00 price objective on Herc in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company assumed coverage on Herc in a research report on Thursday, November 13th. They set an “overweight” rating and a $170.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Herc Trading Down 3.6%

Shares of NYSE HRI opened at $132.39 on Friday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of -52.54, a PEG ratio of 1.71 and a beta of 1.87. The business has a 50 day simple moving average of $129.32 and a 200 day simple moving average of $128.55. Herc Holdings Inc. has a 52 week low of $96.18 and a 52 week high of $236.39. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.15 and a current ratio of 1.22.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 earnings per share 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%. On average, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

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.