Prudential Financial Inc. decreased its position in shares of Herc Holdings Inc. (NYSE:HRI) by 38.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,743 shares of the transportation company’s stock after selling 9,807 shares during the period. Prudential Financial Inc. owned 0.06% of Herc Holdings worth $770,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HRI. Princeton Alpha Management LP acquired a new position in Herc Holdings during the first quarter worth $226,000. Eqis Capital Management Inc. acquired a new position in Herc Holdings during the first quarter worth $247,000. Symphony Asset Management LLC acquired a new position in Herc Holdings during the first quarter worth $274,000. Guggenheim Capital LLC acquired a new position in Herc Holdings during the fourth quarter worth $330,000. Finally, Private Bank & Trust Co. acquired a new position in Herc Holdings during the first quarter worth $330,000. Institutional investors and hedge funds own 96.41% of the company’s stock.
Herc Holdings Inc. (NYSE:HRI) opened at 39.01 on Friday. The company’s market cap is $1.11 billion. The company has a 50-day moving average of $42.75 and a 200 day moving average of $44.54. Herc Holdings Inc. has a one year low of $28.66 and a one year high of $52.96.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.25. The firm had revenue of $416 million during the quarter, compared to analysts’ expectations of $397 million. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.28) earnings per share. Equities research analysts predict that Herc Holdings Inc. will post ($0.75) EPS for the current year.
HRI has been the topic of a number of recent research reports. MKM Partners restated a “buy” rating and set a $22.00 price target on shares of Herc Holdings in a report on Friday, July 7th. Zacks Investment Research upgraded shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Sidoti downgraded shares of Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Finally, ValuEngine upgraded shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Herc Holdings currently has a consensus rating of “Hold” and a consensus price target of $45.00.
In other news, COO James Bruce Dressel purchased 2,500 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the completion of the purchase, the chief operating officer now directly owns 41,402 shares in the company, valued at approximately $1,615,506.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.
Herc Holdings Company Profile
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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