Entropy Technologies LP Has $238,000 Stock Position in Herc Holdings Inc. (NYSE:HRI)

Entropy Technologies LP lessened its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 59.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,491 shares of the transportation company’s stock after selling 2,200 shares during the quarter. Entropy Technologies LP’s holdings in Herc were worth $238,000 as of its most recent SEC filing.

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

Herc Stock Up 0.1 %

HRI opened at $217.67 on Friday. The company has a market capitalization of $6.18 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.28 and a beta of 2.02. Herc Holdings Inc. has a fifty-two week low of $119.08 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $179.49 and a 200-day moving average of $154.20.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.00 earnings per share. On average, equities analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current year.

Insider Buying and Selling at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. This represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,880 shares of company stock worth $3,342,960. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.