Thrivent Financial for Lutherans Lowers Stock Position in Herc Holdings Inc. (NYSE:HRI)

Thrivent Financial for Lutherans trimmed its holdings in Herc Holdings Inc. (NYSE:HRI) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,724 shares of the transportation company’s stock after selling 2,993 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Herc were worth $7,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRI. Headlands Technologies LLC acquired a new position in Herc in the first quarter valued at $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 208 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Herc by 303.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company’s stock valued at $207,000 after acquiring an additional 1,167 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Herc during the 1st quarter worth approximately $227,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Herc in the 1st quarter valued at approximately $242,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Trading Down 0.2 %

NYSE:HRI opened at $156.76 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.95 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 stock has a fifty day moving average price of $142.52 and a two-hundred day moving average price of $146.16. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23.

Herc (NYSE:HRI) last announced its quarterly 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). The company had revenue of $848.00 million during the quarter, compared to analysts’ expectations of $813.05 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. As a group, sell-side analysts anticipate that Herc Holdings Inc. will post 13.68 earnings per share for the current fiscal year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Thursday, August 22nd. Herc’s dividend payout ratio (DPR) is 21.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HRI shares. JPMorgan Chase & Co. started coverage on Herc in a research note on Friday, June 7th. They set a “neutral” rating and a $155.00 price target for the company. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $155.00 price target on shares of Herc in a research note on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $159.50.

Insider Buying and Selling

In related news, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at $5,632,047.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Tamir Peres sold 5,821 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the sale, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of Herc 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 approximately $5,609,016.72. The disclosure for this sale can be found here. 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.