Rep. Jefferson Shreve Sells Off Shares of Herc Holdings Inc. (NYSE:HRI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Herc Holdings Inc. (NYSE:HRI). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Herc stock on April 11th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Herc Stock Performance

Herc stock opened at $121.40 on Friday. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88. The stock’s 50 day simple moving average is $123.15 and its two-hundred day simple moving average is $174.16. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period in the previous year, the company earned $2.36 earnings per share. As a group, analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Herc

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Herc by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company’s stock valued at $424,726,000 after acquiring an additional 96,329 shares during the last quarter. Capital World Investors boosted its holdings in Herc by 435.8% in the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company’s stock worth $268,662,000 after purchasing an additional 1,154,182 shares during the last quarter. FMR LLC raised its stake in Herc by 69.0% during the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock valued at $235,748,000 after buying an additional 508,359 shares during the last quarter. Norges Bank bought a new position in shares of Herc during the 4th quarter valued at $183,786,000. Finally, American Century Companies Inc. grew its holdings in shares of Herc by 0.8% in the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company’s stock worth $153,787,000 after acquiring an additional 6,777 shares during the period. 93.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.