Banbury Partners LLC reduced its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 42.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,288 shares of the transportation company’s stock after selling 218,405 shares during the quarter. Herc comprises about 3.5% of Banbury Partners LLC’s portfolio, making the stock its 14th biggest position. Banbury Partners LLC owned 1.04% of Herc worth $14,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP boosted its position in shares of Herc by 12.6% during the third quarter. Royce & Associates LP now owns 452,868 shares of the transportation company’s stock worth $22,249,000 after purchasing an additional 50,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Herc by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 887,325 shares of the transportation company’s stock worth $43,594,000 after purchasing an additional 15,801 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Herc by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 240,316 shares of the transportation company’s stock worth $11,807,000 after purchasing an additional 12,007 shares in the last quarter. SG Capital Management LLC bought a new position in shares of Herc during the third quarter worth $4,358,000. Finally, American International Group Inc. boosted its position in shares of Herc by 8.1% during the third quarter. American International Group Inc. now owns 16,243 shares of the transportation company’s stock worth $798,000 after purchasing an additional 1,215 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Herc Holdings Inc. (NYSE:HRI) traded up $0.43 during trading hours on Thursday, hitting $60.02. 190,200 shares of the company were exchanged, compared to its average volume of 298,480. Herc Holdings Inc. has a fifty-two week low of $33.27 and a fifty-two week high of $61.96. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 7.66.

Herc (NYSE:HRI) last issued its quarterly earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the 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 previous year, the business earned $0.11 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. research analysts predict that Herc Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

In other Herc news, Director Jean K. Holley purchased 1,400 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $54.78 per share, for a total transaction of $76,692.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

HRI has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Herc from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. ValuEngine upgraded shares of Herc from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Buckingham Research started coverage on shares of Herc in a report on Tuesday, November 21st. They set 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 presently has a consensus rating of “Hold” and an average price target of $46.71.

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Herc 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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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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