UBS Asset Management Americas Inc. cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 42.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,161 shares of the transportation company’s stock after selling 6,013 shares during the period. UBS Asset Management Americas Inc.’s holdings in Herc Holdings were worth $321,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of HRI. Gamco Investors INC. ET AL increased its stake in shares of Herc Holdings by 19.5% during the second quarter. Gamco Investors INC. ET AL now owns 3,526,858 shares of the transportation company’s stock valued at $138,676,000 after buying an additional 575,971 shares during the period. 1060 Capital LLC purchased a new position in shares of Herc Holdings during the second quarter valued at approximately $16,823,000. Gabelli Funds LLC increased its stake in shares of Herc Holdings by 23.8% during the second quarter. Gabelli Funds LLC now owns 1,251,309 shares of the transportation company’s stock valued at $49,201,000 after buying an additional 240,808 shares during the period. Royce & Associates LP increased its stake in shares of Herc Holdings by 63.7% during the second quarter. Royce & Associates LP now owns 402,268 shares of the transportation company’s stock valued at $15,817,000 after buying an additional 156,470 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Herc Holdings by 51.7% during the first quarter. AQR Capital Management LLC now owns 394,989 shares of the transportation company’s stock valued at $19,311,000 after buying an additional 134,683 shares during the period.
Herc Holdings Inc. (NYSE:HRI) opened at 48.46 on Wednesday. The stock’s 50 day moving average price is $48.13 and its 200 day moving average price is $43.26. Herc Holdings Inc. has a 1-year low of $28.66 and a 1-year high of $52.96. The stock’s market capitalization is $1.37 billion.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm had revenue of $416.00 million for the quarter, compared to the consensus estimate of $397.00 million. During the same period in the prior year, the business posted ($0.28) earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Herc Holdings Inc. will post ($2.14) earnings per share for the current fiscal year.
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Several equities 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 Thursday, August 10th. MKM Partners reissued a “buy” rating and set a $22.00 target price on shares of Herc Holdings in a research note on Friday, July 7th. Finally, ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.71.
In other news, COO James Bruce Dressel acquired 2,500 shares of Herc Holdings stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $39.02 per share, for a total transaction of $97,550.00. Following the acquisition, the chief operating officer now directly owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carl C. Icahn acquired 109,249 shares of Herc Holdings stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $38.95 per share, for a total transaction of $4,255,248.55. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.
About Herc Holdings
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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