Insider Selling: Herc Holdings Inc. (NYSE:HRI) Director Sells $810,260.40 in Stock

Herc Holdings Inc. (NYSE:HRI) 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 directly owns 13,774 shares in the company, valued at $2,876,424.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Herc Stock Up 0.1 %

HRI opened at $209.47 on Monday. Herc Holdings Inc. has a 12 month low of $102.32 and a 12 month high of $214.16. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91. The business’s 50-day moving average price is $155.78 and its 200-day moving average price is $147.41. The company has a market cap of $5.95 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.26 and a beta of 2.07.

Herc (NYSE:HRI) last announced 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). The company had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. Herc had a return on equity of 27.16% and a net margin of 10.09%. Herc’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $4.00 earnings per share. On average, equities analysts expect that Herc Holdings Inc. will post 13.17 EPS for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, August 22nd. Herc’s dividend payout ratio (DPR) is presently 21.75%.

Wall Street Analyst Weigh In

HRI has been the topic of several research reports. Robert W. Baird restated a “neutral” rating and set a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays upped 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. StockNews.com cut Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. 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 research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $212.25.

Hedge Funds Weigh In On Herc

A number of hedge funds have recently modified their holdings of HRI. Headlands Technologies LLC purchased a new stake in shares of Herc during the first quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings in Herc by 650.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after buying an additional 208 shares during the period. Signaturefd LLC lifted its holdings in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after buying an additional 61 shares during the period. GAMMA Investing LLC grew its position in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after buying an additional 338 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Herc during the third quarter valued at approximately $159,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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.