Swiss National Bank Sells 400 Shares of Herc Holdings Inc. (NYSE:HRI)

Swiss National Bank cut its position in Herc Holdings Inc. (NYSE:HRI) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,646 shares of the transportation company’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in Herc were worth $8,393,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Herc in the third quarter valued at approximately $35,996,000. American Century Companies Inc. increased its position 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 acquiring an additional 87,330 shares during the period. Ceredex Value Advisors LLC raised its stake in shares of Herc by 145.7% during the third quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock valued at $14,624,000 after acquiring an additional 54,400 shares during the last quarter. Candriam S.C.A. acquired a new position in shares of Herc during the second quarter worth $4,556,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Herc by 216.6% during the second quarter. Squarepoint Ops LLC now owns 36,024 shares of the transportation company’s stock worth $4,802,000 after purchasing an additional 24,644 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Herc

In related 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 sale, the senior vice president now directly owns 21,586 shares of the company’s stock, valued at $4,600,408.32. The trade was a 18.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the transaction, the director now directly owns 13,774 shares in the company, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Herc Stock Performance

HRI stock opened at $228.96 on Tuesday. The firm has a market cap of $6.50 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.28 and a beta of 2.02. 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 stock has a 50-day moving average price of $189.48 and a 200-day moving average price of $157.29. Herc Holdings Inc. has a 1-year low of $119.08 and a 1-year high of $246.88.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share 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 return on equity of 26.35% and a net margin of 10.09%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.00 earnings per share. As a group, equities research analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HRI. The Goldman Sachs Group raised their target price on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays upped their target price on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $212.25.

Herc 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.