Herc Holdings Inc. (NYSE:HRI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of Herc Holdings Inc. (NYSE:HRIGet Rating) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,336 shares of the transportation company’s stock after selling 1,957 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Herc were worth $2,009,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HRI. Ceredex Value Advisors LLC boosted its stake in Herc by 546.1% during the 2nd quarter. Ceredex Value Advisors LLC now owns 711,800 shares of the transportation company’s stock worth $64,169,000 after purchasing an additional 601,625 shares during the period. Invesco Ltd. grew its position in Herc by 30.1% in the 1st quarter. Invesco Ltd. now owns 1,128,905 shares of the transportation company’s stock valued at $188,630,000 after buying an additional 261,276 shares during the last quarter. Franklin Resources Inc. increased its stake in Herc by 36.4% in the 2nd quarter. Franklin Resources Inc. now owns 849,130 shares of the transportation company’s stock valued at $76,548,000 after buying an additional 226,404 shares during the period. Eagle Asset Management Inc. purchased a new position in Herc during the 2nd quarter worth $16,074,000. Finally, Bank of America Corp DE lifted its stake in shares of Herc by 31.3% in the 1st quarter. Bank of America Corp DE now owns 642,919 shares of the transportation company’s stock worth $107,425,000 after acquiring an additional 153,362 shares during the period. Institutional investors and hedge funds own 96.85% of the company’s stock.

Herc Trading Down 1.6 %

Shares of HRI stock opened at $141.57 on Friday. The stock has a market cap of $4.14 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.52 and a beta of 2.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.65. Herc Holdings Inc. has a fifty-two week low of $83.43 and a fifty-two week high of $175.00. The business has a fifty day simple moving average of $133.25 and a 200-day simple moving average of $119.50.

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

Herc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Monday, December 12th were issued a $0.575 dividend. The ex-dividend date of this dividend was Friday, December 9th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.62%. Herc’s dividend payout ratio (DPR) is 22.95%.

Insider Activity at Herc

In related news, major shareholder Carl C. Icahn sold 119,106 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $133.50, for a total transaction of $15,900,651.00. Following the sale, the insider now owns 3,696,445 shares in the company, valued at $493,475,407.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Carl C. Icahn sold 39,578 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $141.29, for a total transaction of $5,591,975.62. Following the completion of the sale, the insider now directly owns 3,584,288 shares of the company’s stock, valued at approximately $506,424,051.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Carl C. Icahn sold 119,106 shares of the stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $133.50, for a total value of $15,900,651.00. Following the completion of the transaction, the insider now directly owns 3,696,445 shares in the company, valued at $493,475,407.50. The disclosure for this sale can be found here. Insiders have sold a total of 246,867 shares of company stock valued at $33,537,201 over the last quarter. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. KeyCorp lifted their price objective on Herc from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com initiated coverage on Herc in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays boosted their target price on shares of Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Finally, The Goldman Sachs Group cut their price target on shares of Herc from $168.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Herc has a consensus rating of “Moderate Buy” and an average price target of $170.50.

About Herc

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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.

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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