RBF Capital LLC Makes New Investment in Herc Holdings Inc. (NYSE:HRI)

RBF Capital LLC purchased a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,338 shares of the transportation company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd grew its holdings in Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after acquiring an additional 133 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after acquiring an additional 270 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after buying an additional 338 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Herc in the 3rd quarter valued at $80,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Herc Stock Down 0.3 %

Shares of NYSE:HRI opened at $228.62 on Friday. The stock has a market cap of $6.50 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.31 and a beta of 2.02. The firm has a fifty day moving average price of $201.36 and a 200 day moving average price of $161.34. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. Herc Holdings Inc. has a 1-year low of $119.98 and a 1-year high of $246.88.

Herc (NYSE:HRI) last issued its quarterly 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 for the quarter, compared to analyst estimates of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.00 EPS. Sell-side analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current year.

Insider Buying and Selling

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction 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 transaction, the director now owns 13,774 shares in the company, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction on 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 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 position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.