Herc Holdings Inc. (NYSE:HRI) Stock Position Lifted by Kovack Advisors Inc.

Kovack Advisors Inc. raised its stake in Herc Holdings Inc. (NYSE:HRI) by 172.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,878 shares of the transportation company’s stock after buying an additional 3,720 shares during the quarter. Kovack Advisors Inc.’s holdings in Herc were worth $989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC increased 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 acquiring an additional 160 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 265 shares in the last quarter. CWM LLC increased its position in Herc by 45.3% in the 4th 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 acquired a new position in Herc in the 4th quarter worth about $108,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in shares of Herc during the 1st quarter worth about $227,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HRI. JPMorgan Chase & Co. assumed coverage on Herc in a report on Friday, June 7th. They issued a “neutral” rating and a $155.00 price objective on the stock. StockNews.com upgraded shares of Herc from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price objective on shares of Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $153.00.

Herc Trading Down 0.2 %

Shares of HRI stock opened at $131.01 on Friday. Herc Holdings Inc. has a 12 month low of $100.17 and a 12 month high of $171.00. The company has a market cap of $3.72 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.66 and a beta of 2.08. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.95. The business’s 50 day moving average is $141.80 and its two-hundred day moving average is $149.24.

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

Herc Dividend Announcement

The firm also recently announced 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 2.03%. The ex-dividend date of this dividend was Thursday, May 30th. Herc’s dividend payout ratio (DPR) is currently 21.97%.

Insiders Place Their Bets

In other news, COO Aaron Birnbaum sold 5,844 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the sale, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Christian J. Cunningham sold 6,607 shares of Herc stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $155.37, for a total transaction of $1,026,529.59. Following the sale, the senior vice president now directly owns 60,029 shares of the company’s stock, valued at $9,326,705.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Aaron Birnbaum sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the transaction, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at approximately $7,347,180.56. The disclosure for this sale can be found here. Insiders have sold a total of 32,451 shares of company stock valued at $5,092,946 in the last three months. Company insiders own 1.70% of the company’s stock.

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.