Coliseum Capital Management LLC Increases Position in Herc Holdings Inc. (NYSE:HRI)

Coliseum Capital Management LLC raised its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 418,010 shares of the transportation company's stock after buying an additional 25,882 shares during the quarter. Herc comprises about 6.5% of Coliseum Capital Management LLC's holdings, making the stock its 5th largest position. Coliseum Capital Management LLC owned approximately 1.47% of Herc worth $79,142,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Crestline Management LP acquired a new stake in shares of Herc in the fourth quarter valued at about $1,877,000. Cubist Systematic Strategies LLC purchased a new position in Herc during the 4th quarter worth approximately $12,686,000. Centiva Capital LP acquired a new stake in Herc during the fourth quarter valued at $586,000. Brevan Howard Capital Management LP acquired a new position in Herc during the fourth quarter valued at approximately $1,058,000. Finally, AXA S.A. bought a new stake in shares of Herc in the fourth quarter valued at about $3,644,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented 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 research note on Monday, April 14th. Robert W. Baird reduced their target price 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. Citigroup dropped their price objective 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 reissued a "buy" rating and issued a $146.00 price target (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Finally, Barclays cut their target price on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Herc currently has an average rating of "Moderate Buy" and an average price target of $139.20.

Herc Price Performance

Shares of NYSE:HRI traded down $2.11 during midday trading on Friday, hitting $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 business's 50 day simple moving average is $123.15 and its 200 day simple moving average is $174.41. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88. The company has a market cap of $3.46 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85.

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