Goldman Sachs Group Inc. Sells 27,153 Shares of Herc Holdings Inc. (NYSE:HRI)

Goldman Sachs Group Inc. lowered its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 8.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 306,916 shares of the transportation company’s stock after selling 27,153 shares during the period. Goldman Sachs Group Inc.’s holdings in Herc were worth $45,697,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HRI. Deutsche Bank AG raised its stake in shares of Herc by 13.9% during the third quarter. Deutsche Bank AG now owns 15,113 shares of the transportation company’s stock valued at $1,798,000 after acquiring an additional 1,850 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Herc by 5.2% during the third quarter. Rhumbline Advisers now owns 41,829 shares of the transportation company’s stock valued at $4,976,000 after acquiring an additional 2,063 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Herc during the third quarter worth $173,000. FMR LLC increased its position in shares of Herc by 7.3% during the third quarter. FMR LLC now owns 315,610 shares of the transportation company’s stock worth $37,539,000 after buying an additional 21,476 shares during the period. Finally, Northern Trust Corp increased its position in shares of Herc by 3.8% during the third quarter. Northern Trust Corp now owns 287,725 shares of the transportation company’s stock worth $34,222,000 after buying an additional 10,576 shares during the period. Institutional investors own 93.11% of the company’s stock.

Herc Trading Up 1.3 %

NYSE:HRI opened at $133.77 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.67 and a beta of 2.17. The firm has a fifty day simple moving average of $146.08 and a two-hundred day simple moving average of $149.10. Herc Holdings Inc. has a 12 month low of $100.17 and a 12 month high of $171.00.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.12). The company had revenue of $804.00 million during the quarter. Herc had a return on equity of 28.68% and a net margin of 10.31%. Analysts expect that Herc Holdings Inc. will post 14.1 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, May 30th. Herc’s payout ratio is 21.97%.

Insider Activity

In other news, CEO Lawrence Harris Silber sold 20,000 shares of Herc 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 transaction, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Lawrence Harris Silber sold 20,000 shares of Herc 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 transaction, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christian J. Cunningham sold 6,607 shares of Herc stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $155.37, for a total transaction of $1,026,529.59. Following the transaction, the senior vice president now owns 60,029 shares of the company’s stock, valued at $9,326,705.73. The disclosure for this sale can be found here. Insiders sold 32,451 shares of company stock worth $5,092,946 over the last three months. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. The Goldman Sachs Group increased their price objective on shares of Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Herc in a research report on Friday, June 7th. They set a “neutral” rating and a $155.00 price objective for the company. 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 company’s stock. According to data from MarketBeat.com, Herc presently has an average rating of “Hold” and a consensus price target of $153.00.

Herc Company 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.