Herc Holdings Inc. $HRI Shares Sold by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management reduced its Herc stake by 35.4% in the third quarter, selling 9,598 shares and retaining 17,501 shares worth approximately $2.18 million. Institutional investors collectively own 93.11% of HRI.
• Herc reported strong third-quarter results, with EPS of $3.91 versus the $2.92 consensus and revenue of $1.36 billion, up 4.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $201.57.
• High leverage remains a key risk: Herc has a debt-to-equity ratio of 4.22 and a dividend payout ratio above 190%, despite paying a quarterly dividend of $0.70 per share.

Apollon Wealth Management LLC cut its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 35.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,501 shares of the transportation company's stock after selling 9,598 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.05% of Herc worth $2,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HRI. Tectonic Advisors LLC boosted its stake in shares of Herc by 60.1% in the 3rd quarter. Tectonic Advisors LLC now owns 9,048 shares of the transportation company's stock valued at $1,129,000 after purchasing an additional 3,395 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Herc during the third quarter worth $1,051,000. Crossmark Global Holdings Inc. bought a new position in Herc during the third quarter worth $415,000. Blue Zone Wealth Advisors LLC raised its stake in Herc by 0.3% during the third quarter. Blue Zone Wealth Advisors LLC now owns 41,732 shares of the transportation company's stock worth $5,208,000 after buying an additional 142 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Herc by 215.0% during the third quarter. State of Alaska Department of Revenue now owns 6,389 shares of the transportation company's stock worth $796,000 after buying an additional 4,361 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Herc in a report on Monday. KeyCorp increased their price target on Herc from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on Herc from $165.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday. Zacks Research raised Herc from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 14th. Finally, BNP Paribas Exane boosted their price objective on Herc from $165.00 to $176.00 and gave the company a "neutral" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $201.57.

Key Stories Impacting Herc

Here are the key news stories impacting Herc this week:

• Positive Sentiment: Significant earnings beat: Herc reported third-quarter EPS of $3.91, well above the $2.92–$3.08 analyst estimates and up from $2.22 a year earlier. Revenue reached $1.36 billion, slightly exceeding expectations and increasing 4.6% year over year. Herc Holdings Reports Third Quarter 2026 Results and Increases 2026 Full Year Guidance
• Positive Sentiment: Rental demand and synergies support growth: Equipment rental revenue rose 12% on an average fleet that was only modestly larger, while management highlighted improving customer demand and benefits from the H&E acquisition. Profit increased more than 76% year over year, reinforcing confidence in integration synergies. Why Herc Holdings Rocketed Over 20% Today
• Positive Sentiment: Analyst sentiment improved: Baird raised its target to $240 and maintained an outperform rating, JPMorgan lifted its target to $230 with an overweight rating, and Citigroup raised its target to $180 and upgraded the shares to buy. BNP Paribas Exane increased its target to $176 while retaining a neutral rating.
• Positive Sentiment: Technical momentum: The shares moved above their 200-day moving average, which may attract additional momentum-oriented investors. Herc Shares Break Above 200 Day Moving Average
• Neutral Sentiment: Herc executives are scheduled to participate in the Baird 2026 Global Industrial Conference on November 10. The event could provide additional commentary on demand, integration and leverage, but no immediate financial impact was announced. Herc Holdings to Participate in the Baird 2026 Global Industrial Conference
• Negative Sentiment: Leverage remains a risk: Herc’s debt load and roughly 4.2 debt-to-equity ratio continue to limit the margin for error. Some coverage also noted that full-year sales guidance remains below expectations, potentially tempering the earnings-driven optimism.

Herc Stock Performance

Shares of HRI opened at $165.68 on Thursday. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50-day moving average of $139.10 and a 200-day moving average of $139.36. The company has a market cap of $5.54 billion, a PE ratio of 112.70 and a beta of 2.04. Herc Holdings Inc. has a one year low of $88.45 and a one year high of $188.35.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Tuesday, October 27th. The transportation company reported $3.91 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.99. Herc had a return on equity of 10.33% and a net margin of 1.01%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $2.22 EPS. The firm's revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that Herc Holdings Inc. will post 7.30 EPS for the current fiscal year.

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 2nd. Herc's dividend payout ratio (DPR) is 190.48%.

About Herc

Herc Holdings Inc, operating primarily through the Herc Rentals brand, is an equipment rental supplier serving construction, industrial, commercial and government customers. The company provides access to equipment and related services intended to help customers complete projects without purchasing and maintaining their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power generation and climate-control equipment, pumps, and general tools.

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