Herc Holdings Inc. (NYSE:HRI) Major Shareholder Carl C. Icahn Sells 35,904 Shares

Herc Holdings Inc. (NYSE:HRI – Get Rating) major shareholder Carl C. Icahn sold 35,904 shares of the stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $145.49, for a total value of $5,223,672.96. Following the completion of the sale, the insider now directly owns 3,500,209 shares of the company’s stock, valued at $509,245,407.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Herc Stock Up 0.0 %

HRI stock opened at $146.23 on Wednesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.50 and a beta of 2.45. Herc Holdings Inc. has a fifty-two week low of $83.43 and a fifty-two week high of $175.00. The stock has a fifty day moving average of $133.92 and a 200-day moving average of $121.02.

Herc Dividend Announcement

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 dividend of $0.575 per share. The ex-dividend date was Friday, December 9th. This represents a $2.30 annualized dividend and a dividend yield of 1.57%. Herc’s payout ratio is 22.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HRI shares. Barclays increased their price target on Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. KeyCorp increased their price target on Herc from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. The Goldman Sachs Group reduced their price objective on Herc from $168.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 14th. Finally, StockNews.com began coverage on Herc in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Reliant Investment Management LLC bought a new position in shares of Herc during the 2nd quarter worth $2,818,000. PFS Investments Inc. lifted its holdings in Herc by 13.1% during the 2nd quarter. PFS Investments Inc. now owns 18,417 shares of the transportation company’s stock worth $1,660,000 after purchasing an additional 2,135 shares in the last quarter. Brandywine Oak Private Wealth LLC lifted its holdings in Herc by 71.4% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 3,061 shares of the transportation company’s stock worth $275,000 after purchasing an additional 1,275 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Herc by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 129,795 shares of the transportation company’s stock worth $11,370,000 after purchasing an additional 2,815 shares in the last quarter. Finally, John G Ullman & Associates Inc. purchased a new stake in Herc during the 3rd quarter worth about $2,511,000. Institutional investors own 96.85% of the company’s stock.

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.