Swiss National Bank Boosts Stock Position in Herc Holdings Inc. (NYSE:HRI)

Swiss National Bank grew its holdings in Herc Holdings Inc. (NYSE:HRIGet Rating) by 13.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,946 shares of the transportation company’s stock after buying an additional 6,800 shares during the quarter. Swiss National Bank’s holdings in Herc were worth $5,044,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Herc by 24.1% in the first quarter. American Century Companies Inc. now owns 134,447 shares of the transportation company’s stock valued at $22,465,000 after buying an additional 26,073 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Herc in the first quarter valued at approximately $258,000. Reliant Investment Management LLC purchased a new stake in shares of Herc during the second quarter worth approximately $2,818,000. Ceredex Value Advisors LLC purchased a new stake in shares of Herc during the first quarter worth approximately $18,409,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Herc during the first quarter worth approximately $338,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Herc

In other news, major shareholder Carl C. Icahn sold 39,700 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $132.99, for a total value of $5,279,703.00. Following the transaction, the insider now owns 3,975,421 shares of the company’s stock, valued at approximately $528,691,238.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Carl C. Icahn sold 5,432 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $133.39, for a total value of $724,574.48. Following the transaction, the insider now owns 3,945,603 shares of the company’s stock, valued at approximately $526,303,984.17. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Carl C. Icahn sold 39,700 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $132.99, for a total value of $5,279,703.00. Following the completion of the transaction, the insider now directly owns 3,975,421 shares in the company, valued at approximately $528,691,238.79. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HRI has been the subject of several research reports. StockNews.com initiated coverage on Herc in a research report on Wednesday, October 12th. They set a “hold” rating for the company. KeyCorp boosted their price target on Herc from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on Herc from $168.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Herc currently has an average rating of “Moderate Buy” and an average target price of $167.60.

Herc Stock Down 1.4 %

Shares of NYSE:HRI opened at $132.09 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.65. The business has a fifty day moving average of $116.31 and a two-hundred day moving average of $112.00. The stock has a market cap of $3.86 billion, a P/E ratio of 13.18, a PEG ratio of 0.57 and a beta of 2.55. Herc Holdings Inc. has a 52-week low of $83.43 and a 52-week high of $194.90.

Herc (NYSE:HRIGet Rating) last issued its earnings results on Thursday, October 20th. The transportation company reported $3.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.52 by ($0.10). The company had revenue of $745.10 million during the quarter. Herc had a net margin of 12.01% and a return on equity of 30.20%. On average, research analysts expect that Herc Holdings Inc. will post 11.4 earnings per share for the current year.

Herc Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding HRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herc Holdings Inc. (NYSE:HRIGet Rating).

Institutional Ownership by Quarter for Herc (NYSE:HRI)

Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.