The Manufacturers Life Insurance Company Sells 418 Shares of Herc Holdings Inc. (NYSE:HRI)

The Manufacturers Life Insurance Company reduced its position in shares of Herc Holdings Inc. (NYSE:HRI) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,004 shares of the transportation company’s stock after selling 418 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Herc were worth $3,030,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HRI. Vanguard Group Inc. raised its stake in shares of Herc by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company’s stock worth $580,655,000 after buying an additional 27,578 shares during the last quarter. Capital World Investors grew its holdings in Herc by 435.8% during the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company’s stock worth $268,662,000 after acquiring an additional 1,154,182 shares during the period. FMR LLC raised its position in shares of Herc by 69.0% during the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock valued at $235,748,000 after acquiring an additional 508,359 shares during the last quarter. Norges Bank acquired a new position in shares of Herc in the 4th quarter valued at $183,786,000. Finally, American Century Companies Inc. boosted its position in shares of Herc by 0.8% in the 4th quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company’s stock worth $153,787,000 after purchasing an additional 6,777 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Down 1.7 %

Shares of HRI stock opened at $121.40 on Friday. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm has a fifty day moving average of $123.15 and a 200-day moving average of $174.41. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI) last released its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.21). The firm had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter last year, the company posted $2.36 EPS. As a group, equities research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

HRI has been the topic of several analyst reports. Citigroup cut their target price on Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Robert W. Baird decreased their price objective on shares of Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $146.00 target price (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Finally, Barclays decreased their price target on shares of Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Herc has an average rating of “Moderate Buy” and an average price target of $139.20.

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.