Fisher Asset Management LLC Acquires 992 Shares of Herc Holdings Inc. (NYSE:HRI)

Fisher Asset Management LLC raised its holdings in Herc Holdings Inc. (NYSE:HRI) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,314 shares of the transportation company’s stock after buying an additional 992 shares during the period. Fisher Asset Management LLC owned about 1.45% of Herc worth $65,895,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HRI. Signaturefd LLC raised its stake in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 61 shares during the period. Chartwell Investment Partners LLC raised its position in shares of Herc by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock valued at $1,275,000 after purchasing an additional 65 shares during the period. MQS Management LLC lifted its stake in shares of Herc by 3.8% during the 3rd quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock worth $310,000 after buying an additional 71 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Herc by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock worth $686,000 after buying an additional 108 shares during the period. Finally, Welch Group LLC grew its stake in Herc by 1.9% in the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock valued at $988,000 after buying an additional 118 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HRI has been the subject of a number of research analyst reports. Barclays boosted their price objective on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Herc has a consensus rating of “Hold” and an average target price of $212.25.

Insider Activity

In other Herc 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 transaction of $1,065,600.00. Following the completion of the transaction, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares in the company, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Herc Trading Up 2.7 %

Shares of NYSE:HRI opened at $228.96 on Tuesday. The business’s 50 day simple moving average is $189.48 and its 200 day simple moving average is $157.29. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $6.50 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.28 and a beta of 2.02.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the previous year, the business posted $4.00 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts anticipate that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

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.