State of New Jersey Common Pension Fund D Has $2.16 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

State of New Jersey Common Pension Fund D grew its position in Herc Holdings Inc. (NYSE:HRI) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,550 shares of the transportation company’s stock after buying an additional 155 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Herc were worth $2,160,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HRI. Headlands Technologies LLC bought a new position in Herc during the first quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 208 shares in the last quarter. Signaturefd LLC grew its position in shares of Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd increased its stake in Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after purchasing an additional 133 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after buying an additional 270 shares during the period. Institutional investors own 93.11% of the company’s stock.

Insider Buying and Selling

In related news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the transaction, the senior vice president now owns 21,586 shares in the company, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,880 shares of company stock worth $3,342,960. Insiders own 1.80% of the company’s stock.

Herc Trading Down 2.1 %

Herc stock opened at $217.45 on Friday. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.29 and a beta of 2.02. The firm has a 50-day moving average of $176.13 and a 200-day moving average of $153.31. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. Herc Holdings Inc. has a one year low of $119.08 and a one year high of $246.88.

Herc (NYSE:HRI) last issued its quarterly 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 net margin of 10.09% and a return on equity of 26.35%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same period last year, the company posted $4.00 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $212.25.

Herc 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.