Herc Holdings Inc. (NYSE:HRI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI – Get Rating) by 11.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,397 shares of the transportation company’s stock after selling 1,336 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Herc were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new position in Herc during the third quarter valued at $36,000. Lazard Asset Management LLC raised its position in shares of Herc by 593.7% in the second quarter. Lazard Asset Management LLC now owns 437 shares of the transportation company’s stock worth $39,000 after acquiring an additional 374 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Herc by 90.9% in the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after acquiring an additional 150 shares during the period. Captrust Financial Advisors raised its position in shares of Herc by 152.5% in the second quarter. Captrust Financial Advisors now owns 803 shares of the transportation company’s stock worth $72,000 after acquiring an additional 485 shares during the period. Finally, Covestor Ltd raised its position in shares of Herc by 95.8% in the first quarter. Covestor Ltd now owns 507 shares of the transportation company’s stock worth $85,000 after acquiring an additional 248 shares during the period. 96.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Herc in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays upped their price target 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. The Goldman Sachs Group reduced their price target on shares of Herc from $168.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 14th. Finally, KeyCorp upped their price target on shares of Herc from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.60.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn sold 5,432 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $133.39, for a total transaction of $724,574.48. Following the completion of the transaction, the insider now owns 3,945,603 shares of the company’s stock, valued at approximately $526,303,984.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Herc news, major shareholder Carl C. Icahn sold 119,106 shares of the 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 directly owns 3,696,445 shares in the company, valued at approximately $493,475,407.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Carl C. Icahn sold 5,432 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $133.39, for a total transaction of $724,574.48. Following the sale, the insider now owns 3,945,603 shares in the company, valued at $526,303,984.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,867 shares of company stock valued at $33,537,201. Company insiders own 1.40% of the company’s stock.

Herc Stock Performance

Herc stock opened at $143.46 on Friday. The firm has a 50 day simple moving average of $133.41 and a 200-day simple moving average of $120.06. Herc Holdings Inc. has a 1-year low of $83.43 and a 1-year high of $175.00. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.52 and a beta of 2.45.

Herc (NYSE:HRI – Get Rating) last posted its quarterly 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 firm had revenue of $745.10 million during the quarter. On average, analysts expect that Herc Holdings Inc. will post 11.4 EPS for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Monday, December 12th were paid a $0.575 dividend. The ex-dividend date was Friday, December 9th. This represents a $2.30 annualized dividend and a dividend yield of 1.60%. Herc’s dividend payout ratio (DPR) is 22.95%.

Herc Company Profile

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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.