Herc Holdings Inc. (NYSE:HRI) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,759 shares of the transportation company's stock after buying an additional 9,677 shares during the quarter. First Eagle Investment Management LLC owned about 0.33% of Herc worth $13,811,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Herc by 213.3% during the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company's stock worth $35,000 after acquiring an additional 160 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company's stock valued at $46,000 after purchasing an additional 265 shares during the last quarter. CWM LLC increased its position in shares of Herc by 45.3% in the fourth quarter. CWM LLC now owns 359 shares of the transportation company's stock valued at $53,000 after buying an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Herc during the 4th quarter worth $108,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Herc in the 3rd quarter worth about $173,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Herc news, SVP Tamir Peres sold 3,545 shares of the company's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction of $564,009.50. Following the completion of the sale, the senior vice president now directly owns 41,236 shares in the company, valued at $6,560,647.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Aaron Birnbaum sold 5,844 shares of the company's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total transaction of $890,216.52. Following the completion of the sale, the chief operating officer now directly owns 48,232 shares of the company's stock, valued at approximately $7,347,180.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tamir Peres sold 3,545 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the completion of the sale, the senior vice president now owns 41,236 shares of the company's stock, valued at $6,560,647.60. The disclosure for this sale can be found here. Insiders sold 35,996 shares of company stock valued at $5,656,956 in the last ninety days. Company insiders own 1.70% of the company's stock.

Herc Trading Down 2.1 %

NYSE HRI traded down $3.33 during mid-day trading on Thursday, reaching $155.92. 206,608 shares of the stock were exchanged, compared to its average volume of 199,873. The stock has a market capitalization of $4.42 billion, a PE ratio of 12.88, a PEG ratio of 0.77 and a beta of 2.27. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.51 and a current ratio of 1.51. Herc Holdings Inc. has a 1-year low of $99.72 and a 1-year high of $171.00. The business's fifty day simple moving average is $157.94 and its 200 day simple moving average is $145.68.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.12). The business had revenue of $804.00 million for the quarter. Herc had a return on equity of 28.68% and a net margin of 10.31%. On average, research analysts anticipate that Herc Holdings Inc. will post 14.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Herc from a "buy" rating to a "hold" rating in a research report on Thursday, May 2nd. The Goldman Sachs Group upped their target price on Herc from $155.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Finally, Robert W. Baird raised their price target on Herc from $117.00 to $142.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Herc presently has a consensus rating of "Hold" and a consensus price target of $152.50.

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.

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