Herc Holdings Inc. $HRI Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in Herc Holdings Inc. (NYSE:HRI) by 18.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,579 shares of the transportation company’s stock after selling 3,159 shares during the period. Intech Investment Management LLC’s holdings in Herc were worth $1,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Herc in the 2nd quarter worth about $36,000. Byrne Asset Management LLC acquired a new position in Herc during the second quarter worth about $45,000. FNY Investment Advisers LLC purchased a new stake in shares of Herc in the second quarter valued at about $47,000. AlphaQuest LLC grew its position in shares of Herc by 158.2% in the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 223 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Herc by 114.7% in the second quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Price Performance

HRI stock opened at $132.39 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -52.53, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 4.28. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $236.39. The stock’s fifty day simple moving average is $128.52 and its 200-day simple moving average is $128.12.

Herc (NYSE:HRI) last released its earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%.The firm had revenue of $745.00 million for the quarter. Equities research analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup lifted their price objective on Herc from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Wells Fargo & Company initiated coverage on Herc in a research report on Thursday, November 13th. They issued an “overweight” rating and a $170.00 price objective on the stock. Robert W. Baird set a $200.00 price objective on Herc in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.33.

About Herc

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.