Herc Holdings Inc. (HRI) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in Herc Holdings Inc. (NYSE:HRI) by 38.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.06% of Herc Holdings worth $770,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Princeton Alpha Management LP acquired a new position in shares of Herc Holdings during the first quarter valued at about $226,000. Eqis Capital Management Inc. purchased a new stake in Herc Holdings during the first quarter valued at approximately $247,000. Symphony Asset Management LLC purchased a new stake in Herc Holdings during the first quarter valued at approximately $274,000. Guggenheim Capital LLC purchased a new stake in Herc Holdings during the fourth quarter valued at approximately $330,000. Finally, Private Bank & Trust Co. purchased a new stake in Herc Holdings during the first quarter valued at approximately $330,000. Institutional investors own 99.74% of the company’s stock.

Herc Holdings Inc. (HRI) traded down 0.51% during mid-day trading on Friday, reaching $36.73. The company had a trading volume of 263,920 shares. Herc Holdings Inc. has a 12-month low of $28.66 and a 12-month high of $52.96. The stock has a 50 day moving average price of $42.82 and a 200-day moving average price of $44.21. The stock’s market capitalization is $1.04 billion.

Herc Holdings (NYSE:HRI) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The firm had revenue of $416 million during the quarter, compared to the consensus estimate of $397 million. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that Herc Holdings Inc. will post ($0.55) EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Herc Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Sidoti cut Herc Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th. ValuEngine raised Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, MKM Partners reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Herc Holdings in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $45.00.

In related news, COO James Bruce Dressel purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $39.02 per share, with a total value of $97,550.00. Following the completion of the purchase, the chief operating officer now owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Carl C. Icahn purchased 109,249 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $38.95 per share, with a total value of $4,255,248.55. The disclosure for this purchase can be found here. Insiders have bought 116,749 shares of company stock valued at $4,530,849 in the last ninety days. Insiders own 0.12% of the company’s stock.

About Herc Holdings

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.

Institutional Ownership by Quarter for Herc Holdings (NYSE:HRI)

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