Swiss National Bank Boosts Holdings in Herc Holdings Inc. $HRI

Swiss National Bank boosted its position in shares of Herc Holdings Inc. (NYSE:HRI) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 59,857 shares of the transportation company’s stock after purchasing an additional 7,611 shares during the quarter. Swiss National Bank’s holdings in Herc were worth $7,883,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Herc during the second quarter valued at approximately $36,000. Byrne Asset Management LLC bought a new stake in shares of Herc in the 2nd quarter worth $45,000. FNY Investment Advisers LLC purchased a new position in shares of Herc in the second quarter worth $47,000. AlphaQuest LLC lifted its holdings in shares of Herc by 158.2% during the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 223 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Herc by 114.7% during the second quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock valued at $77,000 after buying an additional 312 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Down 3.6%

Shares of Herc stock opened at $132.39 on Friday. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $236.39. The company’s fifty day simple moving average is $129.32 and its 200-day simple moving average is $128.55. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.22 and a quick ratio of 1.15. The stock has a market capitalization of $4.40 billion, a PE ratio of -52.54, a P/E/G ratio of 1.71 and a beta of 1.87.

Herc (NYSE:HRI) last announced its earnings results on Thursday, November 2nd. The transportation company reported $3.42 EPS for the quarter. The company had revenue of $745.00 million for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%. As a group, equities analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

HRI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Wells Fargo & Company initiated coverage on shares of Herc in a report on Thursday, November 13th. They issued an “overweight” rating and a $170.00 target price on the stock. Baird R W raised shares of Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Herc from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

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.