Herc Holdings Inc. (NYSE:HRI) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in Herc Holdings Inc. (NYSE:HRI) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,510 shares of the transportation company’s stock after selling 80 shares during the quarter. D.A. Davidson & CO. owned about 0.16% of Herc worth $7,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in Herc in the 1st quarter valued at about $990,000. SG Americas Securities LLC grew its holdings in Herc by 226.4% in the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock valued at $752,000 after buying an additional 3,914 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Herc by 232.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock valued at $2,461,000 after buying an additional 10,217 shares during the period. Quest Partners LLC grew its holdings in Herc by 15,137.8% in the 2nd quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock valued at $914,000 after buying an additional 6,812 shares during the period. Finally, Lombard Odier Asset Management USA Corp grew its holdings in Herc by 265.6% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 9,534 shares of the transportation company’s stock valued at $1,271,000 after buying an additional 6,926 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 3,880 shares of the business’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 transaction of $810,260.40. Following the transaction, the director now directly owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total value of $1,065,600.00. Following the completion of the transaction, the senior vice president now directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays lifted their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their target price on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $212.25.

Herc Stock Down 0.5 %

Shares of NYSE:HRI opened at $229.84 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88. The stock has a market capitalization of $6.53 billion, a P/E ratio of 18.79, a PEG ratio of 1.31 and a beta of 2.02. The stock has a 50-day simple moving average of $192.61 and a 200-day simple moving average of $158.32.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.00 EPS. Equities analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

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.