Natixis Advisors LLC Buys Shares of 24,406 Herc Holdings Inc. (NYSE:HRI)

Natixis Advisors LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 24,406 shares of the transportation company’s stock, valued at approximately $3,891,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Herc by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after buying an additional 38,798 shares in the last quarter. Tidal Investments LLC purchased a new stake in Herc during the 1st quarter valued at $990,000. SG Americas Securities LLC increased its holdings in shares of Herc by 226.4% in the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock worth $752,000 after purchasing an additional 3,914 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Herc by 232.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock worth $2,461,000 after purchasing an additional 10,217 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Herc by 15,137.8% during the second 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 last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Transactions at Herc

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,880 shares of company stock worth $3,342,960. 1.80% of the stock is currently owned by company insiders.

Herc Price Performance

HRI stock opened at $222.92 on Friday. The company has a fifty day simple moving average of $187.77 and a two-hundred day simple moving average of $156.67. Herc Holdings Inc. has a 52 week low of $119.08 and a 52 week high of $246.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $6.33 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.25 and a beta of 2.02.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $931.33 million. During the same quarter in the prior year, the business posted $4.00 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HRI has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research 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 company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.25.

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.