Herc Holdings Inc. (NYSE:HRI) Stock Holdings Decreased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its position in Herc Holdings Inc. (NYSE:HRI) by 39.5% in the 2nd quarter, Holdings Channel reports. The fund owned 45,109 shares of the transportation company’s stock after selling 29,500 shares during the period. First Eagle Investment Management LLC’s holdings in Herc were worth $6,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRI. Vanguard Group Inc. boosted its position in Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after acquiring an additional 38,798 shares during the period. Theleme Partners LLP boosted its holdings in shares of Herc by 26.2% during the fourth quarter. Theleme Partners LLP now owns 817,891 shares of the transportation company’s stock worth $121,776,000 after purchasing an additional 169,886 shares during the period. Electron Capital Partners LLC grew its position in Herc by 3.5% during the fourth quarter. Electron Capital Partners LLC now owns 605,387 shares of the transportation company’s stock valued at $90,136,000 after purchasing an additional 20,358 shares in the last quarter. American Century Companies Inc. increased its stake in Herc by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock valued at $74,908,000 after buying an additional 87,330 shares during the period. Finally, Norges Bank purchased a new stake in Herc in the 4th quarter worth approximately $43,505,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HRI. Robert W. Baird restated a “neutral” rating and set a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. JPMorgan Chase & Co. assumed coverage on Herc in a research note on Friday, June 7th. They issued a “neutral” rating and a $155.00 target price on the stock. Finally, StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $159.50.

Herc Stock Down 1.1 %

Herc stock opened at $155.37 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.82 and a beta of 2.07. Herc Holdings Inc. has a 1-year low of $100.17 and a 1-year high of $171.00. The firm’s fifty day simple moving average is $142.04 and its 200-day simple moving average is $146.36. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.34). The company had revenue of $848.00 million during the quarter, compared to analyst estimates of $813.05 million. Herc had a return on equity of 26.99% and a net margin of 10.00%. Sell-side analysts forecast that Herc Holdings Inc. will post 13.68 earnings per share for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 1.71%. Herc’s payout ratio is currently 21.97%.

Insider Buying and Selling at Herc

In other news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the sale, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Aaron Birnbaum sold 10,000 shares of the firm’s 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 $5,609,016.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the transaction, the senior vice president now owns 35,415 shares in the company, valued at $5,632,047.45. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.