Bank of America Corp DE reduced its position in Herc Holdings Inc. (NYSE:HRI) by 33.4% during the first quarter, Holdings Channel reports. The firm owned 50,985 shares of the transportation company’s stock after selling 25,596 shares during the period. Bank of America Corp DE’s holdings in Herc Holdings were worth $2,493,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in Herc Holdings by 4.2% in the first quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock worth $1,933,000 after buying an additional 1,600 shares during the period. Russell Investments Group Ltd. purchased a new stake in Herc Holdings during the fourth quarter worth $343,000. Columbus Circle Investors purchased a new stake in Herc Holdings during the first quarter worth $6,393,000. Impala Asset Management LLC boosted its stake in Herc Holdings by 140.0% in the first quarter. Impala Asset Management LLC now owns 398,049 shares of the transportation company’s stock worth $19,461,000 after buying an additional 232,199 shares during the period. Finally, Princeton Alpha Management LP purchased a new stake in Herc Holdings during the first quarter worth $226,000. 96.41% of the stock is currently owned by institutional investors and hedge funds.

Herc Holdings Inc. (HRI) traded down 0.65% during trading on Thursday, reaching $38.49. 56,793 shares of the company’s stock traded hands. The firm’s 50 day moving average is $42.62 and its 200-day moving average is $44.61. The company’s market capitalization is $1.09 billion. Herc Holdings Inc. has a 12 month low of $28.66 and a 12 month high of $52.96.

Herc Holdings (NYSE:HRI) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.08% and a negative net margin of 4.82%. The firm had revenue of $416 million during the quarter, compared to the consensus estimate of $397 million. During the same quarter in the prior year, the firm posted ($0.28) EPS. The business’s revenue was up 9.4% on a year-over-year basis. Analysts expect that Herc Holdings Inc. will post ($0.80) EPS for the current fiscal year.

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A number of analysts recently weighed in on HRI shares. Zacks Investment Research raised shares of Herc Holdings from a “sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a report on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Herc Holdings in a report on Thursday, April 13th. Sidoti cut shares of Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. MKM Partners reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Herc Holdings in a report on Friday, July 7th. Finally, ValuEngine raised shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.00.

In other news, COO James Bruce Dressel purchased 5,000 shares of Herc Holdings stock in a transaction on Monday, May 22nd. The stock was purchased at an average price of $35.61 per share, with a total value of $178,050.00. Following the transaction, the chief operating officer now directly owns 38,902 shares in the company, valued at approximately $1,385,300.22. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Herc Holdings Company Profile

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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Institutional Ownership by Quarter for Herc Holdings (NYSE:HRI)

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