Teachers Advisors LLC Decreases Holdings in Herc Holdings Inc. (HRI)
Teachers Advisors LLC lessened its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 9.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 226,530 shares of the transportation company’s stock after selling 22,485 shares during the quarter. Teachers Advisors LLC owned approximately 0.80% of Herc Holdings worth $8,907,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gamco Investors INC. ET AL grew its stake in shares of Herc Holdings by 19.5% during the second quarter. Gamco Investors INC. ET AL now owns 3,526,858 shares of the transportation company’s stock worth $138,676,000 after buying an additional 575,971 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Herc Holdings by 3.8% during the first quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock worth $93,560,000 after buying an additional 70,727 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Herc Holdings by 23.8% during the second quarter. Gabelli Funds LLC now owns 1,251,309 shares of the transportation company’s stock worth $49,201,000 after buying an additional 240,808 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Herc Holdings by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 787,022 shares of the transportation company’s stock worth $38,477,000 after buying an additional 83,525 shares during the last quarter. Finally, 1060 Capital LLC bought a new stake in shares of Herc Holdings during the second quarter worth $16,823,000.
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HRI has been the topic of a number of research reports. ValuEngine raised shares of Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, MKM Partners reissued a “buy” rating and issued a $22.00 price objective on shares of Herc Holdings in a research note on Friday, July 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Herc Holdings presently has a consensus rating of “Hold” and an average target price of $45.71.
In other Herc Holdings news, major shareholder Carl C. Icahn bought 109,249 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $38.95 per share, for a total transaction of $4,255,248.55. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James Bruce Dressel bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the transaction, the chief operating officer now owns 41,402 shares in the company, valued at $1,615,506.04. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.
Shares of Herc Holdings Inc. (HRI) opened at 49.83 on Thursday. The firm’s 50-day moving average is $43.84 and its 200-day moving average is $43.10. Herc Holdings Inc. has a 12 month low of $28.66 and a 12 month high of $52.96. The company’s market cap is $1.41 billion.
Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.25. The company had revenue of $416.00 million for the quarter, compared to analysts’ expectations of $397.00 million. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.28) EPS. On average, equities research analysts predict that Herc Holdings Inc. will post ($0.55) earnings per share for the current year.
Herc Holdings 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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