Herc Holdings Inc. (NYSE:HRI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in shares of Herc Holdings Inc. (NYSE:HRI) by 27.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,395 shares of the transportation company’s stock after selling 5,055 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Herc were worth $1,785,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in Herc during the first quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its position in Herc by 650.0% during the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after purchasing an additional 208 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Herc by 303.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company’s stock worth $207,000 after acquiring an additional 1,167 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in shares of Herc in the first quarter worth $227,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Herc in the first quarter worth $242,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Performance

Shares of NYSE HRI opened at $158.49 on Wednesday. The stock has a fifty day moving average price of $142.40 and a two-hundred day moving average price of $146.08. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $4.50 billion, a P/E ratio of 13.09, a PEG 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.

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

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.665 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 1.68%. Herc’s payout ratio is 21.97%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Herc

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the business’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 completion of the sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at $5,609,016.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Aaron Birnbaum sold 10,000 shares of the business’s 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 directly owns 38,232 shares in the company, valued at $5,609,016.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tamir Peres sold 5,821 shares of the company’s stock in a transaction that occurred 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 owns 35,415 shares in the company, valued at $5,632,047.45. The disclosure for this sale can be found here. 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.