Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 5.1% during the third quarter, HoldingsChannel.com reports. The firm owned 5,818 shares of the transportation company’s stock after buying an additional 284 shares during the period. Victory Capital Management Inc.’s holdings in Herc were worth $928,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Chartwell Investment Partners LLC increased its position in shares of Herc by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock worth $1,275,000 after purchasing an additional 65 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Herc by 1.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 13,550 shares of the transportation company’s stock valued at $2,160,000 after acquiring an additional 155 shares during the period. Covestor Ltd increased its position in shares of Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 133 shares during the period. Summit Global Investments increased its position in shares of Herc by 11.6% in the 3rd quarter. Summit Global Investments now owns 9,359 shares of the transportation company’s stock valued at $1,492,000 after acquiring an additional 970 shares during the period. Finally, Arthur M. Cohen & Associates LLC acquired a new position in shares of Herc in the 3rd quarter valued at $224,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Herc

In related news, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction dated 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 $2,876,424.42. This represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company’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 transaction, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Herc Price Performance

NYSE:HRI opened at $229.84 on Thursday. Herc Holdings Inc. has a one year low of $119.08 and a one year high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.31 and a beta of 2.02. The firm’s fifty day moving average is $192.61 and its two-hundred day moving average is $158.32.

Herc (NYSE:HRI) last posted 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 net margin of 10.09% and a return on equity of 26.35%. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. During the same period in the previous year, the company posted $4.00 earnings per share. Herc’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays upped their target price on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.