Herc Holdings Inc. (HRI) Director Jean K. Holley Buys 1,400 Shares

Herc Holdings Inc. (NYSE:HRI) Director Jean K. Holley bought 1,400 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $54.78 per share, with a total value of $76,692.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Herc Holdings Inc. (HRI) traded down $0.84 during mid-day trading on Tuesday, hitting $53.85. 317,700 shares of the stock were exchanged, compared to its average volume of 302,972. Herc Holdings Inc. has a twelve month low of $33.27 and a twelve month high of $57.64. 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 Holdings (NYSE:HRI) last released its quarterly earnings data on Wednesday, November 8th. The transportation company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.23. The firm had revenue of $457.60 million for the quarter, compared to analyst estimates of $422.31 million. Herc Holdings had a negative net margin of 4.08% and a negative return on equity of 6.63%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. equities research analysts anticipate that Herc Holdings Inc. will post -0.47 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on HRI shares. Zacks Investment Research raised shares of Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Wednesday, October 4th. ValuEngine raised shares of Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $45.71.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC bought a new stake in shares of Herc Holdings during the 3rd quarter worth $218,000. Royce & Associates LP boosted its holdings in shares of Herc Holdings by 12.6% during the 3rd quarter. Royce & Associates LP now owns 452,868 shares of the transportation company’s stock worth $22,249,000 after buying an additional 50,600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Herc Holdings by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 887,325 shares of the transportation company’s stock worth $43,594,000 after buying an additional 15,801 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Herc Holdings by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 240,316 shares of the transportation company’s stock worth $11,807,000 after buying an additional 12,007 shares during the period. Finally, SG Capital Management LLC bought a new stake in shares of Herc Holdings during the 3rd quarter worth $4,358,000.

About Herc Holdings

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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