Vanguard Group Inc. Sells 30,046 Shares of Herc Holdings Inc. $HRI

Vanguard Group Inc. decreased its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,260,134 shares of the transportation company's stock after selling 30,046 shares during the quarter. Vanguard Group Inc. owned 9.80% of Herc worth $483,739,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. increased its stake in Herc by 11.2% in the third quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company's stock valued at $481,040,000 after acquiring an additional 413,719 shares during the period. Marshall Wace LLP lifted its stake in Herc by 233.1% during the third quarter. Marshall Wace LLP now owns 420,512 shares of the transportation company's stock worth $49,057,000 after purchasing an additional 294,265 shares during the period. Ameriprise Financial Inc. lifted its stake in Herc by 3,306.3% during the third quarter. Ameriprise Financial Inc. now owns 292,328 shares of the transportation company's stock worth $34,106,000 after purchasing an additional 283,746 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Herc by 34.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 943,722 shares of the transportation company's stock valued at $110,095,000 after purchasing an additional 243,320 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Herc by 40.0% during the second quarter. Alliancebernstein L.P. now owns 825,511 shares of the transportation company's stock valued at $108,712,000 after purchasing an additional 235,694 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

NYSE HRI opened at $130.61 on Wednesday. Herc Holdings Inc. has a 1-year low of $88.45 and a 1-year high of $188.35. The company has a 50 day moving average of $114.40 and a 200-day moving average of $136.67. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -483.73, a PEG ratio of 24.72 and a beta of 1.90.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $1.30 EPS. Herc's revenue was up 32.3% compared to the same quarter last year. On average, equities analysts forecast that Herc Holdings Inc. will post 4.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

HRI has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Herc from $200.00 to $198.00 and set an "outperform" rating for the company in a report on Wednesday, February 18th. Citigroup boosted their price target on Herc from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. KeyCorp lowered their price target on Herc from $190.00 to $165.00 and set an "overweight" rating on the stock in a research report on Monday, March 16th. Zacks Research lowered Herc from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Herc from $165.00 to $125.00 and set a "neutral" rating on the stock in a research note on Friday, April 10th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $165.67.

Herc Profile

Herc Holdings Inc NYSE: HRI operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company's fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.

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