Lawrence Harris Silber Sells 20,000 Shares of Herc Holdings Inc. (NYSE:HRI) Stock

Herc Holdings Inc. (NYSE:HRI) CEO Lawrence Harris Silber sold 20,000 shares of Herc stock in a transaction on Monday, May 13th. The shares were sold at an average price of $158.81, for a total value of $3,176,200.00. Following the sale, the chief executive officer now directly owns 213,382 shares of the company’s stock, valued at approximately $33,887,195.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Herc Stock Down 2.1 %

Shares of NYSE HRI traded down $3.35 during mid-day trading on Thursday, reaching $155.90. 41,065 shares of the company traded hands, compared to its average volume of 198,104. The company’s fifty day moving average is $158.01 and its two-hundred day moving average is $145.59. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.51 and a current ratio of 1.51. Herc Holdings Inc. has a fifty-two week low of $99.72 and a fifty-two week high of $171.00. The stock has a market cap of $4.42 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.77 and a beta of 2.27.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The company had revenue of $804.00 million for the quarter. On average, analysts expect that Herc Holdings Inc. will post 14.59 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HRI shares. StockNews.com lowered Herc from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird lifted their target price on shares of Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, The Goldman Sachs Group increased their price target on shares of Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Herc during the 1st quarter worth $31,000. Signaturefd LLC increased its stake in shares of Herc by 213.3% in the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 160 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Herc by 576.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock worth $46,000 after purchasing an additional 265 shares during the last quarter. CWM LLC boosted its stake in Herc by 45.3% during the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 112 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Herc in the 4th quarter valued at approximately $108,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Company Profile

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.