Algert Global LLC Acquires 16,123 Shares of Herc Holdings Inc. (NYSE:HRI)

Algert Global LLC increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 153.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,663 shares of the transportation company’s stock after acquiring an additional 16,123 shares during the period. Algert Global LLC’s holdings in Herc were worth $3,554,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HRI. Headlands Technologies LLC acquired a new position in Herc during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC lifted its holdings in Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after buying an additional 208 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Herc by 303.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company’s stock worth $207,000 after buying an additional 1,167 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Herc during the 1st quarter worth $227,000. Finally, Qsemble Capital Management LP acquired a new position in Herc during the 1st quarter worth $242,000. 93.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Herc news, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Herc news, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the sale, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on HRI shares. Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. started coverage on Herc in a research report on Friday, June 7th. They issued a “neutral” rating and a $155.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $159.50.

Herc Stock Down 0.0 %

NYSE:HRI opened at $159.49 on Tuesday. Herc Holdings Inc. has a 12-month low of $100.17 and a 12-month high of $171.00. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91. The firm has a market capitalization of $4.53 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.95 and a beta of 2.07. The stock’s fifty day simple moving average is $142.98 and its 200-day simple moving average is $146.10.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.34). The business had revenue of $848.00 million for the quarter, compared to the consensus estimate of $813.05 million. Herc had a return on equity of 26.99% and a net margin of 10.00%. Equities research analysts expect that Herc Holdings Inc. will post 13.68 earnings per share for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.665 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 annualized dividend and a yield of 1.67%. Herc’s dividend payout ratio is presently 21.97%.

Herc Company Profile

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.