Stifel Financial Corp Purchases 80 Shares of Herc Holdings Inc. (NYSE:HRI)

Stifel Financial Corp lifted its position in Herc Holdings Inc. (NYSE:HRI) by 4.1% in the 3rd quarter, Holdings Channel reports. The fund owned 2,019 shares of the transportation company’s stock after acquiring an additional 80 shares during the quarter. Stifel Financial Corp’s holdings in Herc were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC increased its stake in shares of Herc by 15,137.8% during the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock valued at $914,000 after purchasing an additional 6,812 shares in the last quarter. Lombard Odier Asset Management USA Corp increased its position in Herc by 265.6% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 9,534 shares of the transportation company’s stock valued at $1,271,000 after buying an additional 6,926 shares in the last quarter. Quantbot Technologies LP raised its stake in Herc by 1,230.2% during the second quarter. Quantbot Technologies LP now owns 21,522 shares of the transportation company’s stock valued at $2,869,000 after buying an additional 19,904 shares during the last quarter. Candriam S.C.A. purchased a new stake in shares of Herc in the second quarter worth $4,556,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Price Performance

NYSE:HRI opened at $189.62 on Friday. The business’s 50-day simple moving average is $212.96 and its two-hundred day simple moving average is $168.00. Herc Holdings Inc. has a 52 week low of $124.70 and a 52 week high of $246.88. The stock has a market cap of $5.39 billion, a PE ratio of 15.50, a P/E/G ratio of 1.21 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.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The company had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.00 EPS. As a group, analysts forecast that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Monday, December 16th. Herc’s dividend payout ratio (DPR) is presently 21.75%.

Analyst Ratings Changes

A number of analysts have weighed in on HRI shares. Barclays raised their price objective on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Herc presently has a consensus rating of “Hold” and a consensus price target of $219.75.

Insider Buying and Selling

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the transaction, the senior vice president now owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 18.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the sale, the director now owns 13,774 shares of the company’s stock, valued at $2,876,424.42. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

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.