International Assets Investment Management LLC Raises Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

International Assets Investment Management LLC lifted its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 15,842.9% in the third quarter, HoldingsChannel.com reports. The fund owned 11,160 shares of the transportation company’s stock after acquiring an additional 11,090 shares during the period. International Assets Investment Management LLC’s holdings in Herc were worth $17,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC increased its position in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 61 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Herc by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock worth $686,000 after buying an additional 108 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Herc by 3.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,086 shares of the transportation company’s stock worth $811,000 after buying an additional 178 shares during the last quarter. Mackenzie Financial Corp increased its position in Herc by 5.2% in the second quarter. Mackenzie Financial Corp now owns 3,758 shares of the transportation company’s stock worth $501,000 after buying an additional 185 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Herc in the first quarter worth $31,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Price Performance

NYSE:HRI opened at $210.88 on Wednesday. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.26 and a beta of 2.07. Herc Holdings Inc. has a 52-week low of $105.00 and a 52-week high of $214.62. The stock has a fifty day moving average of $157.30 and a 200 day moving average of $147.67. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13). The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 27.16%. Herc’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.00 EPS. On average, research analysts expect that Herc Holdings Inc. will post 13.17 EPS for the current fiscal year.

Herc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, August 22nd. Herc’s dividend payout ratio is 21.97%.

Insider Activity at Herc

In related news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Herc news, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares of the company’s stock, valued at $2,876,424.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,880 shares of company stock valued at $3,342,960. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HRI. JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. The Goldman Sachs Group raised their target price on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays lifted their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $155.00 price target on shares of Herc in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $212.25.

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.