Trexquant Investment LP purchased a new stake in shares of Herc Holdings Inc. (NYSE:HRI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,835 shares of the transportation company’s stock, valued at approximately $229,000.
Several other institutional investors have also modified their holdings of HRI. Guggenheim Capital LLC purchased a new stake in shares of Herc Holdings during the fourth quarter worth $330,000. Norges Bank purchased a new stake in shares of Herc Holdings during the fourth quarter worth $7,844,000. Columbus Circle Investors purchased a new stake in shares of Herc Holdings during the first quarter worth $6,393,000. First Mercantile Trust Co. raised its stake in shares of Herc Holdings by 82.5% in the first quarter. First Mercantile Trust Co. now owns 9,305 shares of the transportation company’s stock worth $455,000 after buying an additional 4,205 shares in the last quarter. Finally, Malaga Cove Capital LLC raised its stake in shares of Herc Holdings by 7.1% in the first quarter. Malaga Cove Capital LLC now owns 53,130 shares of the transportation company’s stock worth $2,482,000 after buying an additional 3,502 shares in the last quarter. Institutional investors own 99.74% of the company’s stock.
Herc Holdings Inc. (HRI) opened at 36.51 on Tuesday. The firm’s market capitalization is $1.03 billion. The stock has a 50 day moving average price of $42.74 and a 200-day moving average price of $44.00. Herc Holdings Inc. has a 52 week low of $28.66 and a 52 week high of $52.96.
Herc Holdings (NYSE:HRI) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. The company had revenue of $416 million for the quarter, compared to analysts’ expectations of $397 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. Herc Holdings’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned ($0.28) earnings per share. Analysts anticipate that Herc Holdings Inc. will post ($0.55) EPS for the current fiscal year.
HRI has been the topic of a number of research reports. Zacks Investment Research upgraded Herc Holdings from a “sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a research report on Wednesday, May 3rd. Sidoti lowered Herc Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. ValuEngine upgraded Herc Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, MKM Partners reiterated a “buy” rating and issued a $22.00 price target on shares of Herc Holdings in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Herc Holdings presently has an average rating of “Hold” and an average target price of $45.00.
In other news, major shareholder Carl C. Icahn acquired 109,249 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $38.95 per share, with a total value of $4,255,248.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James Bruce Dressel acquired 2,500 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $39.02 per share, for a total transaction of $97,550.00. Following the completion of the transaction, the chief operating officer now owns 41,402 shares in the company, valued at approximately $1,615,506.04. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.
About Herc Holdings
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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