Norman Fields Gottscho Capital Management LLC cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,377 shares of the transportation company’s stock after selling 1,250 shares during the quarter. Herc Holdings comprises approximately 2.1% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Norman Fields Gottscho Capital Management LLC owned 0.24% of Herc Holdings worth $3,408,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HRI. Bank of New York Mellon Corp grew its holdings in shares of Herc Holdings by 81.3% during the 1st quarter. Bank of New York Mellon Corp now owns 158,933 shares of the transportation company’s stock worth $7,770,000 after purchasing an additional 71,265 shares during the period. Swiss National Bank grew its holdings in shares of Herc Holdings by 4.2% during the 1st quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock worth $1,933,000 after purchasing an additional 1,600 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Herc Holdings by 13.0% during the 1st quarter. Alliancebernstein L.P. now owns 22,639 shares of the transportation company’s stock worth $1,107,000 after purchasing an additional 2,600 shares during the period. Utah Retirement Systems purchased a new position in shares of Herc Holdings during the 1st quarter worth $214,000. Finally, Vanguard Group Inc. grew its holdings in shares of Herc Holdings by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock worth $93,560,000 after purchasing an additional 70,727 shares during the period. Institutional investors and hedge funds own 96.72% of the company’s stock.
Herc Holdings Inc. (NYSE HRI) traded up 1.06% during trading on Tuesday, reaching $49.60. The company had a trading volume of 69,900 shares. Herc Holdings Inc. has a 12 month low of $28.66 and a 12 month high of $52.96. The company’s market capitalization is $1.41 billion. The firm’s 50 day moving average is $46.71 and its 200-day moving average is $43.22.
Herc Holdings (NYSE:HRI) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm had revenue of $416.00 million during the quarter, compared to the consensus estimate of $397.00 million. During the same quarter in the previous year, the business earned ($0.28) earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Herc Holdings Inc. will post ($2.14) earnings per share for the current year.
A number of research firms have recently weighed in on HRI. Zacks Investment Research upgraded Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday, October 4th. ValuEngine upgraded Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, MKM Partners reiterated a “buy” rating and set a $22.00 price target on shares of Herc Holdings in a report on Friday, July 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.71.
In other news, major shareholder Carl C. Icahn purchased 109,249 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $38.95 per share, with a total value of $4,255,248.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Bruce Dressel purchased 2,500 shares of the stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $39.02 per share, with a total value of $97,550.00. Following the transaction, the chief operating officer now owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by 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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