Main Management ETF Advisors LLC Trims Stake in Herc Holdings Inc. (NYSE:HRI)

Main Management ETF Advisors LLC cut its stake in Herc Holdings Inc. (NYSE:HRI) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,984 shares of the transportation company’s stock after selling 448 shares during the quarter. Main Management ETF Advisors LLC’s holdings in Herc were worth $944,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

Herc Price Performance

Herc stock opened at $137.42 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88. The firm has a market cap of $3.92 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The company’s 50 day moving average is $123.31 and its two-hundred day moving average is $173.14.

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

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.