SG Capital Management LLC Acquires New Stake in Herc Holdings Inc. (HRI)

SG Capital Management LLC acquired a new position in Herc Holdings Inc. (NYSE:HRI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 88,712 shares of the transportation company’s stock, valued at approximately $4,358,000. SG Capital Management LLC owned approximately 0.31% of Herc as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in shares of Herc in the third quarter worth $201,000. Quantbot Technologies LP bought a new stake in shares of Herc in the second quarter worth $183,000. Eqis Capital Management Inc. bought a new stake in shares of Herc in the third quarter worth $286,000. Trexquant Investment LP bought a new stake in shares of Herc in the second quarter worth $229,000. Finally, Private Advisor Group LLC lifted its position in shares of Herc by 3.8% in the second quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock worth $323,000 after purchasing an additional 288 shares in the last quarter.

Shares of Herc Holdings Inc. (NYSE HRI) opened at $57.29 on Monday. 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 Inc. has a 1 year low of $33.27 and a 1 year high of $57.70.

Herc (NYSE:HRI) last posted its quarterly earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23. Herc had a negative net margin of 4.08% and a negative return on equity of 6.63%. The firm had revenue of $457.60 million for the quarter, compared to analyst estimates of $422.31 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. equities research analysts forecast that Herc Holdings Inc. will post -0.47 earnings per share for the current year.

In other news, Director Jean K. Holley purchased 1,400 shares of the company’s stock in a transaction on Friday, November 10th. The shares were purchased at an average cost 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 available at this link. Corporate insiders own 0.12% of the company’s stock.

HRI has been the topic of a number of research reports. Zacks Investment Research raised shares of Herc from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Wednesday, October 4th. ValuEngine raised shares of Herc from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Buckingham Research initiated coverage on shares of Herc in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Herc currently has a consensus rating of “Hold” and a consensus price target of $46.88.

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Herc 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.

Institutional Ownership by Quarter for Herc (NYSE:HRI)

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