BNP Paribas Arbitrage SA raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 44.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,730 shares of the transportation company’s stock after acquiring an additional 2,978 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Herc Holdings were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of HRI. Gamco Investors INC. ET AL increased its holdings in Herc Holdings by 19.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,526,858 shares of the transportation company’s stock valued at $138,676,000 after acquiring an additional 575,971 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Herc Holdings during the 1st quarter valued at about $18,278,000. Gabelli Funds LLC increased its holdings in Herc Holdings by 23.8% during the 2nd quarter. Gabelli Funds LLC now owns 1,251,309 shares of the transportation company’s stock valued at $49,201,000 after acquiring an additional 240,808 shares in the last quarter. Impala Asset Management LLC increased its holdings in Herc Holdings by 140.0% during the 1st quarter. Impala Asset Management LLC now owns 398,049 shares of the transportation company’s stock valued at $19,461,000 after acquiring an additional 232,199 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Herc Holdings by 51.7% during the 1st quarter. AQR Capital Management LLC now owns 394,989 shares of the transportation company’s stock valued at $19,311,000 after acquiring an additional 134,683 shares in the last quarter.
In other news, COO James Bruce Dressel acquired 2,500 shares of Herc Holdings stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $39.02 per share, with a total value of $97,550.00. Following the completion of the purchase, the chief operating officer now owns 41,402 shares of the company’s stock, valued at $1,615,506.04. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Carl C. Icahn acquired 109,249 shares of Herc Holdings stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $38.95 per share, with a total value of $4,255,248.55. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.
Several research firms have weighed in on HRI. ValuEngine upgraded shares of Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, MKM Partners restated a “buy” rating and set a $22.00 target price on shares of Herc Holdings in a report on Friday, July 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.
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Shares of Herc Holdings Inc. (NYSE HRI) opened at 44.89 on Monday. The stock’s market capitalization is $1.27 billion. Herc Holdings Inc. has a one year low of $28.66 and a one year high of $52.96. The stock’s 50 day moving average is $41.92 and its 200-day moving average is $43.09.
Herc Holdings (NYSE:HRI) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.25. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The company had revenue of $416.00 million during the quarter, compared to analyst estimates of $397.00 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Herc Holdings Inc. will post ($0.55) EPS for the current year.
Herc Holdings Profile
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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