Schwab Charles Investment Management Inc. boosted its holdings in Herc Holdings Inc (NYSE:HRI) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,316 shares of the transportation company’s stock after purchasing an additional 12,007 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.85% of Herc worth $11,807,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Herc by 2.9% in the second quarter. Victory Capital Management Inc. now owns 384,845 shares of the transportation company’s stock worth $15,132,000 after purchasing an additional 10,995 shares during the last quarter. Royce & Associates LP increased its position in shares of Herc by 63.7% in the second quarter. Royce & Associates LP now owns 402,268 shares of the transportation company’s stock valued at $15,817,000 after acquiring an additional 156,470 shares during the period. Vanguard Group Inc. increased its position in shares of Herc by 4.9% in the second quarter. Vanguard Group Inc. now owns 2,007,460 shares of the transportation company’s stock valued at $78,933,000 after acquiring an additional 93,761 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Herc by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 871,524 shares of the transportation company’s stock valued at $34,268,000 after acquiring an additional 84,502 shares during the period. Finally, Gabelli Funds LLC increased its position in shares of Herc by 0.3% in the third quarter. Gabelli Funds LLC now owns 1,254,609 shares of the transportation company’s stock valued at $61,639,000 after acquiring an additional 3,300 shares during the period. 99.15% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on HRI. KeyCorp restated a “buy” rating and issued a $68.00 price objective on shares of Herc in a research report on Monday, December 18th. Northcoast Research restated a “neutral” rating on shares of Herc in a research report on Tuesday, December 19th. Barclays began coverage on shares of Herc in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $70.00 price objective on the stock. Buckingham Research assumed coverage on shares of Herc in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Herc from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Herc currently has an average rating of “Hold” and a consensus price target of $52.67.
Herc (NYSE:HRI) last announced its quarterly earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.23. Herc had a negative net margin of 4.08% and a negative return on equity of 6.63%. The company had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $422.31 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Herc’s quarterly revenue was up 13.4% on a year-over-year basis. research analysts forecast that Herc Holdings Inc will post -0.47 EPS for the current fiscal year.
In related news, Director Jean K. Holley purchased 1,400 shares of Herc stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average price of $54.78 per share, for a total transaction of $76,692.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by insiders.
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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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