Herc Holdings Inc. (NYSE:HRI) Director Jean K. Holley bought 1,400 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $54.78 per share, with a total value of $76,692.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Herc Holdings Inc. (NYSE:HRI) traded down $0.23 during trading on Wednesday, reaching $53.62. 306,700 shares of the company were exchanged, compared to its average volume of 302,989. Herc Holdings Inc. has a 1 year low of $33.27 and a 1 year high of $57.64. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09.
Herc Holdings (NYSE:HRI) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. Herc Holdings had a negative net margin of 4.08% and a negative return on equity of 6.63%. The firm had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $422.31 million. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. analysts forecast that Herc Holdings Inc. will post -0.47 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in HRI. Quantbot Technologies LP acquired a new stake in Herc Holdings in the 2nd quarter valued at $183,000. Fox Run Management L.L.C. acquired a new stake in Herc Holdings during the 3rd quarter worth $201,000. Boothbay Fund Management LLC acquired a new stake in Herc Holdings during the 3rd quarter worth $218,000. Trexquant Investment LP acquired a new stake in Herc Holdings during the 2nd quarter worth $229,000. Finally, Eqis Capital Management Inc. acquired a new stake in Herc Holdings during the 3rd quarter worth $286,000.
Several equities 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 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $45.71.
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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