AQR Capital Management LLC Cuts Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

AQR Capital Management LLC decreased its position in shares of Herc Holdings Inc. (NYSE:HRI) by 14.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,511 shares of the transportation company’s stock after selling 436 shares during the quarter. AQR Capital Management LLC’s holdings in Herc were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HRI. SummerHaven Investment Management LLC lifted its position in Herc by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock valued at $686,000 after purchasing an additional 108 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Herc by 3.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,086 shares of the transportation company’s stock worth $811,000 after acquiring an additional 178 shares during the period. Headlands Technologies LLC bought a new position in Herc in the first quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after acquiring an additional 208 shares during the period. Finally, Midwest Financial Group LLC raised its position in Herc by 21.1% in the first quarter. Midwest Financial Group LLC now owns 1,840 shares of the transportation company’s stock worth $310,000 after acquiring an additional 320 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HRI. JPMorgan Chase & Co. increased their price target on shares of Herc from $150.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday. StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $155.00 price target on shares of Herc in a research report 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. According to data from MarketBeat.com, Herc presently has a consensus rating of “Hold” and an average target price of $170.75.

Insider Activity

In related news, SVP Tamir Peres sold 5,821 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were 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 approximately $5,632,047.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tamir Peres sold 5,821 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Herc Stock Up 3.5 %

Shares of HRI stock opened at $173.95 on Thursday. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.00 and a beta of 2.07. Herc Holdings Inc. has a one year low of $100.17 and a one year high of $178.93. The company’s fifty day moving average price is $147.51 and its 200-day moving average price is $146.11. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23.

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

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders 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 annualized dividend and a dividend yield of 1.53%. Herc’s payout ratio is 21.97%.

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.