The Manufacturers Life Insurance Company lifted its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 2,022.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,974 shares of the transportation company’s stock after buying an additional 18,080 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Herc Holdings worth $746,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its position in shares of Herc Holdings by 3.8% during the second quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock worth $323,000 after buying an additional 288 shares during the period. Hosking Partners LLP raised its holdings in Herc Holdings by 1.8% during the second quarter. Hosking Partners LLP now owns 17,967 shares of the transportation company’s stock worth $706,000 after purchasing an additional 311 shares in the last quarter. Teton Advisors Inc. raised its holdings in Herc Holdings by 12.0% during the second quarter. Teton Advisors Inc. now owns 14,000 shares of the transportation company’s stock worth $550,000 after purchasing an additional 1,500 shares in the last quarter. Rhumbline Advisers raised its holdings in Herc Holdings by 9.1% during the second quarter. Rhumbline Advisers now owns 29,518 shares of the transportation company’s stock worth $1,161,000 after purchasing an additional 2,462 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Herc Holdings by 13.0% during the first quarter. Alliancebernstein L.P. now owns 22,639 shares of the transportation company’s stock worth $1,107,000 after purchasing an additional 2,600 shares in the last quarter.
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Several equities research analysts recently commented on the company. Zacks Investment Research cut Herc Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.71.
Shares of Herc Holdings Inc. (HRI) opened at $56.32 on Friday. Herc Holdings Inc. has a twelve month low of $33.27 and a twelve month high of $57.64. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.09 and a quick ratio of 1.03.
Herc Holdings (NYSE:HRI) last announced its earnings results on Wednesday, November 8th. The transportation company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23. The firm had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $422.31 million. Herc Holdings had a negative return on equity of 6.63% and a negative net margin of 4.08%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. analysts predict that Herc Holdings Inc. will post -0.47 earnings per share for the current year.
In related news, Director Jean K. Holley purchased 1,400 shares of the company’s stock in a transaction on Friday, November 10th. The shares were bought at an average price of $54.78 per share, with a total value of $76,692.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.
Herc Holdings Company 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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