Axa S.A. Purchases Shares of 19,245 Herc Holdings Inc. (NYSE:HRI)

Axa S.A. acquired a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,245 shares of the transportation company's stock, valued at approximately $3,644,000. Axa S.A. owned approximately 0.07% of Herc at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HRI. Jones Financial Companies Lllp boosted its position in Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after buying an additional 167 shares during the period. Quarry LP grew its holdings in Herc by 646.7% in the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after purchasing an additional 194 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after buying an additional 130 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after purchasing an additional 117 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HRI has been the subject of a number of research reports. The Goldman Sachs Group reiterated a "buy" rating and set a $146.00 price objective (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Barclays reduced their price objective 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. Citigroup lowered their target price on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird dropped their price target on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.20.

Herc Price Performance

NYSE:HRI opened at $115.16 on Thursday. The stock has a market capitalization of $3.28 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The stock's 50-day moving average price is $123.54 and its 200-day moving average price is $175.26. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. 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 released its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $861.00 million during the quarter, compared to analysts' expectations of $841.67 million. During the same period last year, the business earned $2.36 earnings per share. As a group, equities analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc 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.

Want to see what other hedge funds are holding HRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herc Holdings Inc. (NYSE:HRI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.