Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,469 shares of the transportation company’s stock after buying an additional 277 shares during the period. Orion Portfolio Solutions LLC’s holdings in Herc were worth $394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HRI. Signaturefd LLC boosted its holdings in shares of Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd increased its position in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 133 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after buying an additional 270 shares during the period. GAMMA Investing LLC boosted its stake in Herc by 704.2% during the third 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 Herc during the third quarter worth about $80,000. 93.11% of the stock is currently owned by institutional investors.

Herc Trading Down 4.6 %

Herc stock opened at $186.03 on Thursday. The company has a 50 day moving average price of $210.18 and a 200 day moving average price of $165.31. 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 52 week low of $124.70 and a 52 week high of $246.88. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.21 and a beta of 2.02.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share 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 for the quarter, compared to analyst estimates of $931.33 million. During the same period in the previous year, the firm posted $4.00 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts forecast that Herc Holdings Inc. will post 13.59 EPS for the current year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, December 16th. Herc’s payout ratio is presently 21.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped 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. Finally, The Goldman Sachs Group lifted their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $219.75.

Insider Buying and Selling at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the 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 completion of the sale, the senior vice president now directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.