3,606 Shares in Herc Holdings Inc. (HRI) Purchased by Natixis
Natixis purchased a new stake in Herc Holdings Inc. (NYSE:HRI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,606 shares of the transportation company’s stock, valued at approximately $203,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Institutional & Family Asset Management LLC bought a new stake in shares of Herc in the 1st quarter valued at about $122,000. Gilder Gagnon Howe & Co. LLC grew its position in shares of Herc by 138.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 3,581 shares of the transportation company’s stock valued at $202,000 after buying an additional 2,081 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Herc in the 1st quarter valued at about $238,000. Sun Life Financial INC bought a new stake in shares of Herc in the 2nd quarter valued at about $213,000. Finally, Koch Industries Inc. bought a new stake in shares of Herc in the 1st quarter valued at about $407,000. Hedge funds and other institutional investors own 97.74% of the company’s stock.
A number of research firms have commented on HRI. Buckingham Research upgraded Herc from a “neutral” rating to a “buy” rating and upped their price target for the company from $67.00 to $70.00 in a research report on Friday, July 13th. ValuEngine downgraded Herc from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research downgraded Herc from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.33.
Herc (NYSE:HRI) last announced its quarterly earnings data on Wednesday, August 8th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.09). The business had revenue of $485.50 million during the quarter, compared to analyst estimates of $462.50 million. Herc had a net margin of 11.61% and a return on equity of 3.55%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. equities research analysts forecast that Herc Holdings Inc. will post 1.36 EPS for the current fiscal year.
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.
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