Infrastructure Capital Advisors LLC Takes $277,000 Position in Herc Holdings Inc. (NYSE:HRI)

Infrastructure Capital Advisors LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI) during the 3rd quarter, HoldingsChannel reports. The firm purchased 1,740 shares of the transportation company’s stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HRI. Janus Henderson Group PLC grew its position in shares of Herc by 175.4% in the first quarter. Janus Henderson Group PLC now owns 35,038 shares of the transportation company’s stock valued at $5,897,000 after purchasing an additional 22,316 shares during the last quarter. Tidal Investments LLC acquired a new stake in Herc during the first quarter worth about $990,000. EverSource Wealth Advisors LLC grew its position in Herc by 650.0% during the first 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. SG Americas Securities LLC grew its position in Herc by 226.4% during the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock worth $752,000 after buying an additional 3,914 shares in the last quarter. Finally, Welch Group LLC grew its position in Herc by 87.1% during the second quarter. Welch Group LLC now owns 6,082 shares of the transportation company’s stock worth $811,000 after buying an additional 2,832 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Down 0.5 %

Shares of HRI opened at $229.75 on Friday. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.32 and a beta of 2.02. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a 12 month low of $119.08 and a 12 month high of $246.88. The company has a 50-day moving average price of $194.07 and a two-hundred day moving average price of $158.81.

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

Wall Street Analysts Forecast Growth

HRI has been the topic of a number of recent research reports. Barclays lifted their target price on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their target price on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Herc has an average rating of “Hold” and a consensus price target of $212.25.

Insider Activity

In other news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total value of $1,065,600.00. Following the completion of the transaction, the senior vice president now owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares of the company’s stock, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

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.