TFG Advisers LLC Acquires New Shares in Herc Holdings Inc. (NYSE:HRI)

TFG Advisers LLC bought a new stake in Herc Holdings Inc. (NYSE:HRI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,257 shares of the transportation company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Herc by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock valued at $494,288,000 after acquiring an additional 38,798 shares during the period. Tidal Investments LLC bought a new position in shares of Herc during the first quarter worth $990,000. SG Americas Securities LLC grew its holdings in shares of Herc by 226.4% in the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock valued at $752,000 after buying an additional 3,914 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Herc by 232.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock valued at $2,461,000 after buying an additional 10,217 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Herc by 15,137.8% during the 2nd quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock worth $914,000 after buying an additional 6,812 shares during the period. Institutional investors own 93.11% of the company’s stock.

Herc Trading Up 5.6 %

NYSE:HRI opened at $209.79 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91. Herc Holdings Inc. has a twelve month low of $100.17 and a twelve month high of $210.93. The company has a market cap of $5.96 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. The business has a 50 day moving average price of $152.81 and a two-hundred day moving average price of $146.81.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 26.99% and a net margin of 10.00%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same quarter in the previous year, the company posted $4.00 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts expect that Herc Holdings Inc. will post 13.68 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, August 22nd. Herc’s payout ratio is 21.97%.

Analysts Set New Price Targets

A number of research analysts have issued reports on HRI shares. The Goldman Sachs Group boosted their target price on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays boosted their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird restated a “neutral” rating and set a $155.00 target price on shares of Herc in a report on Tuesday, July 23rd. StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Herc currently has a consensus rating of “Hold” and a consensus price target of $199.80.

Insider Activity at Herc

In related news, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares in the company, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Herc Company Profile

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.