Herc Holdings Inc. (NYSE:HRI) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 74.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 79,500 shares of the transportation company’s stock after buying an additional 33,900 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Herc were worth $3,698,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HRI. Nuveen Asset Management LLC acquired a new stake in Herc during the second quarter worth $22,811,000. Prudential Financial Inc. increased its stake in Herc by 680.8% during the second quarter. Prudential Financial Inc. now owns 194,644 shares of the transportation company’s stock worth $8,921,000 after acquiring an additional 169,714 shares during the last quarter. Renaissance Technologies LLC increased its stake in Herc by 84.5% during the second quarter. Renaissance Technologies LLC now owns 296,600 shares of the transportation company’s stock worth $13,593,000 after acquiring an additional 135,800 shares during the last quarter. Castleark Management LLC acquired a new stake in Herc during the second quarter worth $5,378,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in Herc by 111.2% during the second quarter. Jacobs Levy Equity Management Inc. now owns 159,182 shares of the transportation company’s stock worth $7,295,000 after acquiring an additional 83,826 shares during the last quarter. 93.00% of the stock is owned by institutional investors.

Shares of NYSE HRI opened at $49.97 on Friday. Herc Holdings Inc. has a twelve month low of $24.16 and a twelve month high of $50.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.10. The stock has a fifty day simple moving average of $45.45 and a 200-day simple moving average of $43.04. The stock has a market capitalization of $1.44 billion, a PE ratio of 29.92, a PEG ratio of 0.69 and a beta of 3.39.

Herc (NYSE:HRI) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($1.31). Herc had a net margin of 2.28% and a return on equity of 12.70%. The firm had revenue of $508.10 million during the quarter, compared to analyst estimates of $539.18 million. During the same period in the previous year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Herc Holdings Inc. will post 3.4 earnings per share for the current year.

Several equities research analysts have issued reports on HRI shares. Buckingham Research set a $70.00 target price on Herc and gave the stock a “buy” rating in a research note on Friday, August 23rd. Bank of America cut Herc from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Thursday, September 26th. Zacks Investment Research cut Herc from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. ValuEngine cut Herc from a “sell” rating to a “strong sell” rating in a research note on Friday, October 11th. Finally, Goldman Sachs Group raised Herc from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $60.00 in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $57.00.

About Herc

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.

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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