Nordea Investment Management AB Has $19.47 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

Nordea Investment Management AB raised its position in Herc Holdings Inc. (NYSE:HRI) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,440 shares of the transportation company’s stock after buying an additional 2,611 shares during the period. Nordea Investment Management AB owned 0.36% of Herc worth $19,474,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Herc by 27.7% in 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. Covestor Ltd raised its position in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 133 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after purchasing an additional 270 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Herc by 704.2% during the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after purchasing an additional 338 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Herc in the third quarter valued at $80,000. 93.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Herc Stock Down 1.9 %

Shares of NYSE HRI opened at $181.71 on Thursday. Herc Holdings Inc. has a 1 year low of $124.70 and a 1 year high of $246.88. The firm’s 50-day moving average is $210.77 and its 200-day moving average is $170.99. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $5.16 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.19 and a beta of 2.06.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The business had revenue of $965.00 million during 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 26.35%. Herc’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.00 earnings per share. Equities analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, December 16th. Herc’s payout ratio is 21.75%.

Insider Transactions at Herc

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

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.