KBC Group NV Buys 143 Shares of Herc Holdings Inc. (NYSE:HRI)

KBC Group NV boosted its position in Herc Holdings Inc. (NYSE:HRI) by 20.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 854 shares of the transportation company’s stock after buying an additional 143 shares during the period. KBC Group NV’s holdings in Herc were worth $136,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HRI. Capital Research Global Investors increased its stake in Herc by 185.7% during the 1st quarter. Capital Research Global Investors now owns 170,649 shares of the transportation company’s stock valued at $28,720,000 after purchasing an additional 110,922 shares in the last quarter. American Century Companies Inc. increased its position in shares of Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after acquiring an additional 87,330 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of Herc by 145.7% in the 3rd quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock worth $14,624,000 after acquiring an additional 54,400 shares during the last quarter. First Sabrepoint Capital Management LP bought a new position in Herc in the 1st quarter valued at about $8,667,000. Finally, Vanguard Group Inc. boosted its stake in Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock valued at $494,288,000 after purchasing an additional 38,798 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

Shares of NYSE HRI opened at $217.31 on Friday. The company has a market capitalization of $6.17 billion, a PE ratio of 17.80, a PEG ratio of 1.24 and a beta of 2.02. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock’s 50 day moving average price is $184.41 and its 200-day moving average price is $155.72. Herc Holdings Inc. has a twelve month low of $119.08 and a twelve month high of $246.88.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. During the same period in the prior year, the firm posted $4.00 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Herc Holdings Inc. will post 13.59 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael A. Kelly sold 3,880 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, the director now directly owns 13,774 shares in the company, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,880 shares of company stock valued at $3,342,960. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

HRI has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $212.25.

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.