Crestline Management LP Buys Shares of 9,913 Herc Holdings Inc. (NYSE:HRI)

Crestline Management LP bought a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,913 shares of the transportation company's stock, valued at approximately $1,877,000.

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

Herc Trading Down 1.7 %

Shares of HRI stock traded down $2.11 during trading hours on Friday, reaching $121.40. 437,421 shares of the stock traded hands, compared to its average volume of 371,030. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $3.46 billion, a PE ratio of 16.38, a PEG ratio of 1.61 and a beta of 1.85. Herc Holdings Inc. has a 1-year low of $96.19 and a 1-year high of $246.88. The business has a fifty day moving average price of $123.15 and a 200 day moving average price of $174.41.

Herc (NYSE:HRI - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $841.67 million. During the same period last year, the business earned $2.36 EPS. On average, equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.