SG Americas Securities LLC Purchases New Stake in Herc Holdings Inc. (NYSE:HRI)

SG Americas Securities LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,428 shares of the transportation company’s stock, valued at approximately $173,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. QS Investors LLC grew its position in Herc by 69.3% during the fourth quarter. QS Investors LLC now owns 92,737 shares of the transportation company’s stock valued at $2,411,000 after purchasing an additional 37,975 shares in the last quarter. Deutsche Bank AG grew its position in Herc by 206.6% during the fourth quarter. Deutsche Bank AG now owns 234,318 shares of the transportation company’s stock valued at $6,089,000 after purchasing an additional 157,882 shares in the last quarter. First Mercantile Trust Co. grew its position in Herc by 13.1% during the fourth quarter. First Mercantile Trust Co. now owns 4,975 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 575 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Herc by 61.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 47,923 shares of the transportation company’s stock valued at $1,245,000 after purchasing an additional 18,202 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Herc by 507.3% in the fourth quarter. Squarepoint Ops LLC now owns 44,938 shares of the transportation company’s stock worth $1,168,000 after acquiring an additional 37,538 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Several analysts have commented on HRI shares. Longbow Research started coverage on shares of Herc in a research report on Friday, March 29th. They issued a “buy” rating and a $52.00 target price for the company. TheStreet raised shares of Herc from a “d+” rating to a “c-” rating in a research report on Thursday, February 28th. Zacks Investment Research raised shares of Herc from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a report on Wednesday, March 6th. ValuEngine downgraded shares of Herc from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Finally, Bank of America initiated coverage on shares of Herc in a report on Friday, June 14th. They set a “buy” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $55.86.

Shares of HRI stock traded down $0.08 during mid-day trading on Friday, reaching $45.83. The company’s stock had a trading volume of 959,900 shares, compared to its average volume of 227,729. Herc Holdings Inc. has a 1-year low of $24.16 and a 1-year high of $61.01. The company has a market capitalization of $1.32 billion, a P/E ratio of 27.44, a P/E/G ratio of 0.46 and a beta of 3.18. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50-day moving average is $39.77.

Herc (NYSE:HRI) last announced its earnings results on Thursday, May 2nd. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.05. The business had revenue of $475.70 million during the quarter, compared to analysts’ expectations of $455.90 million. Herc had a net margin of 3.59% and a return on equity of 12.16%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.36) EPS. On average, analysts forecast that Herc Holdings Inc. will post 3.21 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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