Brevan Howard Capital Management LP Makes New $1.06 Million Investment in Herc Holdings Inc. (NYSE:HRI)

Brevan Howard Capital Management LP bought a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,590 shares of the transportation company's stock, valued at approximately $1,058,000.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. 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. Robert W. Baird reduced their price objective 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. The Goldman Sachs Group restated a "buy" rating and set a $146.00 target price (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Finally, Barclays reduced their price target on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Herc presently has an average rating of "Moderate Buy" and an average target price of $139.20.

Herc Stock Up 2.4 %

Shares of NYSE:HRI opened at $115.16 on Thursday. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.61 and a beta of 1.85. Herc Holdings Inc. has a one year low of $96.19 and a one year high of $246.88. The firm has a fifty day moving average price of $123.54 and a two-hundred day moving average price of $175.26. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $841.67 million. During the same quarter in the previous year, the firm earned $2.36 earnings per share. Analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

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.

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