Algert Global LLC Sells 17,389 Shares of Herc Holdings Inc. (NYSE:HRI)

Algert Global LLC decreased its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 47.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,134 shares of the transportation company's stock after selling 17,389 shares during the quarter. Algert Global LLC owned approximately 0.07% of Herc worth $3,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Herc by 0.9% during the 4th quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after acquiring an additional 68 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after buying an additional 80 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Herc by 0.4% in the 4th quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after acquiring an additional 90 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Herc by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after acquiring an additional 94 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after buying an additional 117 shares during the period. 93.11% of the stock is currently owned by institutional investors.

Herc Price Performance

NYSE HRI traded down $2.11 on Friday, reaching $121.40. The company's stock had a trading volume of 437,421 shares, compared to its average volume of 371,030. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The firm's 50 day moving average is $123.15 and its two-hundred day moving average is $174.16. Herc Holdings Inc. has a twelve month low of $96.19 and a twelve month high of $246.88. The stock has a market cap of $3.46 billion, a PE ratio of 16.38, a PEG ratio of 1.61 and a beta of 1.85.

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

Analysts Set New Price Targets

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

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.