Natixis Advisors LLC Buys Shares of 24,406 Herc Holdings Inc. (NYSE:HRI)

Natixis Advisors LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,406 shares of the transportation company’s stock, valued at approximately $3,891,000. Natixis Advisors LLC owned about 0.09% of Herc at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in HRI. KBC Group NV increased its stake in Herc by 20.1% in the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 143 shares during the last quarter. MQS Management LLC increased its position in shares of Herc by 3.8% during the 3rd quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 71 shares during the last quarter. Victory Capital Management Inc. lifted its position in Herc by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company’s stock worth $928,000 after buying an additional 284 shares during the last quarter. Chartwell Investment Partners LLC lifted its position in Herc by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock worth $1,275,000 after buying an additional 65 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Herc by 1.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 13,550 shares of the transportation company’s stock worth $2,160,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Buying and Selling at Herc

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value 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 $4,600,408.32. This trade represents a 18.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 38,232 shares in the company, 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. In the last ninety days, insiders have sold 18,880 shares of company stock valued at $3,342,960. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HRI shares. JPMorgan Chase & Co. boosted their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Barclays boosted their price target on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Four investment 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 has an average rating of “Hold” and a consensus price target of $212.25.

Herc Stock Performance

Shares of NYSE:HRI opened at $222.92 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The company has a 50-day moving average price of $187.77 and a 200-day moving average price of $156.67. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.25 and a beta of 2.02. Herc Holdings Inc. has a 12 month low of $119.08 and a 12 month high of $246.88.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. During the same quarter last year, the business posted $4.00 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Herc Holdings Inc. will post 13.59 EPS for the current year.

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.