Centiva Capital LP Makes New $586,000 Investment in Herc Holdings Inc. (NYSE:HRI)

Centiva Capital LP purchased a new position in shares of Herc Holdings Inc. (NYSE:HRI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,097 shares of the transportation company’s stock, valued at approximately $586,000.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Herc by 878.9% in the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after buying an additional 167 shares in the last quarter. Quarry LP increased its position in Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company’s stock worth $42,000 after purchasing an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 80 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after buying an additional 130 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after buying an additional 117 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup lowered their target price on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays dropped their price objective on shares of Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Robert W. Baird reduced their target price on shares of Herc from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $146.00 price target (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.20.

Herc Stock Performance

Shares of HRI stock opened at $121.40 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a one year low of $96.19 and a one year high of $246.88. The business’s 50 day simple moving average is $123.15 and its 200 day simple moving average is $174.41. The stock has a market capitalization of $3.46 billion, a PE ratio of 16.38, a PEG ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The firm had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter last year, the company earned $2.36 earnings per share. As a group, research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

About Herc

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.