Herc Holdings Inc. (NYSE:HRI) Shares Sold by Dorsey Asset Management LLC

Dorsey Asset Management LLC lowered its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 272,903 shares of the transportation company's stock after selling 153,157 shares during the quarter. Herc makes up approximately 5.3% of Dorsey Asset Management LLC's holdings, making the stock its 9th biggest holding. Dorsey Asset Management LLC owned approximately 0.96% of Herc worth $51,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after purchasing an additional 167 shares during the last quarter. Quarry LP grew its stake in shares of Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after buying an additional 194 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings 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 worth $44,000 after buying an additional 80 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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 buying an additional 130 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after acquiring an additional 117 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Herc Stock Down 1.7 %

Shares of HRI traded down $2.11 during mid-day trading on Friday, reaching $121.40. 437,421 shares of the stock traded hands, compared to its average volume of 370,322. The stock has a fifty day simple moving average of $123.15 and a 200 day simple moving average of $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 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 cap of $3.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.61 and a beta of 1.85.

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

About Herc

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.