Entropy Technologies LP Sells 2,200 Shares of Herc Holdings Inc. (NYSE:HRI)

Entropy Technologies LP reduced its stake in Herc Holdings Inc. (NYSE:HRI) by 59.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,491 shares of the transportation company’s stock after selling 2,200 shares during the period. Entropy Technologies LP’s holdings in Herc were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its stake in Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after acquiring an additional 61 shares in the last quarter. Chartwell Investment Partners LLC grew its holdings in shares of Herc by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock worth $1,275,000 after purchasing an additional 65 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Herc by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock worth $686,000 after purchasing an additional 108 shares in the last quarter. Welch Group LLC lifted its holdings in Herc by 1.9% during the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock valued at $988,000 after purchasing an additional 118 shares during the last quarter. Finally, Covestor Ltd boosted its position in Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HRI. JPMorgan Chase & Co. lifted their target price on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Robert W. Baird reiterated a “neutral” rating and issued a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. Barclays increased their target price on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Herc presently has a consensus rating of “Hold” and a consensus target price of $212.25.

Herc Stock Up 0.1 %

Shares of HRI opened at $217.67 on Friday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.28 and a beta of 2.02. Herc Holdings Inc. has a 52 week low of $119.08 and a 52 week high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average price is $179.49 and its two-hundred day moving average price is $154.20.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. During the same quarter in the previous year, the business earned $4.00 earnings per share. Herc’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts predict that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Insider Buying and Selling

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares in the company, valued at $5,609,016.72. This represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,880 shares of company stock valued at $3,342,960 over the last ninety days. Insiders own 1.80% of the company’s stock.

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.