Cubist Systematic Strategies LLC Invests $12.69 Million in Herc Holdings Inc. (NYSE:HRI)

Cubist Systematic Strategies LLC acquired a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 67,007 shares of the transportation company's stock, valued at approximately $12,686,000. Cubist Systematic Strategies LLC owned approximately 0.24% of Herc at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital World Investors lifted its position in Herc by 435.8% in the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock valued at $268,662,000 after acquiring an additional 1,154,182 shares in the last quarter. Norges Bank bought a new position in shares of Herc in the fourth quarter valued at approximately $183,786,000. FMR LLC boosted its position in shares of Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after buying an additional 508,359 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Herc during the fourth quarter worth $71,211,000. Finally, Hennessy Advisors Inc. purchased a new stake in Herc in the 4th quarter valued at $62,982,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of HRI stock traded down $2.11 during trading hours on Friday, hitting $121.40. 437,421 shares of the company were exchanged, compared to its average volume of 370,322. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.61 and a beta of 1.85. The firm has a fifty day simple moving average of $123.15 and a 200 day simple moving average of $174.41. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.21). The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same quarter in the previous year, the firm earned $2.36 earnings per share. Research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HRI shares. Citigroup cut their price objective on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Barclays dropped their target price on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird cut their target price on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Herc currently has a consensus rating of "Moderate Buy" and an average price target of $139.20.

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.