Herc Holdings Inc. (NYSE:HRI) COO James Bruce Dressel bought 5,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $35.61 per share, for a total transaction of $178,050.00. Following the purchase, the chief operating officer now owns 38,902 shares in the company, valued at approximately $1,385,300.22. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Herc Holdings Inc. (NYSE HRI) traded down 0.37% on Friday, hitting $37.37. 289,590 shares of the stock were exchanged. The company’s 50 day moving average is $39.97 and its 200 day moving average is $44.25. The stock’s market cap is $1.06 billion. Herc Holdings Inc. has a 1-year low of $28.66 and a 1-year high of $531.30.

Herc Holdings (NYSE:HRI) last released its earnings results on Tuesday, May 9th. The transportation company reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by $0.78. Herc Holdings had a negative net margin of 3.69% and a negative return on equity of 7.69%. The business had revenue of $389.40 million during the quarter, compared to the consensus estimate of $366.74 million. The company’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Herc Holdings Inc. will post ($0.62) earnings per share for the current year.

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A number of equities research analysts recently weighed in on the stock. KeyCorp raised shares of Herc Holdings from a “sector weight” rating to an “overweight” rating and set a $60.00 price target for the company in a report on Monday, April 10th. Zacks Investment Research lowered shares of Herc Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, March 4th. Northcoast Research raised shares of Herc Holdings from a “neutral” rating to a “buy” rating in a report on Thursday, April 6th. Jefferies Group LLC reissued a “hold” rating and set a $44.00 price objective on shares of Herc Holdings in a report on Thursday, April 13th. Finally, Barclays PLC reissued a “hold” rating and set a $46.00 price objective on shares of Herc Holdings in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.83.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PEAK6 Investments L.P. acquired a new position in Herc Holdings during the fourth quarter worth about $494,000. Impala Asset Management LLC purchased a new stake in Herc Holdings during the fourth quarter valued at $6,661,000. J. Goldman & Co LP purchased a new stake in Herc Holdings during the fourth quarter valued at $3,526,000. Asset Management One Co. Ltd. boosted its stake in Herc Holdings by 47.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 25,442 shares of the transportation company’s stock valued at $1,030,000 after buying an additional 8,174 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Herc Holdings by 21.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 3,017,422 shares of the transportation company’s stock valued at $121,180,000 after buying an additional 534,228 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Herc Holdings Company Profile

Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.

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