Daiwa Securities Group Inc. Sells 20,000 Shares of Herc Holdings Inc. (HRI)
Daiwa Securities Group Inc. lessened its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,200 shares of the transportation company’s stock after selling 20,000 shares during the period. Daiwa Securities Group Inc. owned 0.21% of Herc Holdings worth $2,958,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of HRI. Quantbot Technologies LP bought a new position in shares of Herc Holdings in the 2nd quarter valued at $183,000. Fox Run Management L.L.C. bought a new position in shares of Herc Holdings in the 3rd quarter valued at $201,000. Trexquant Investment LP bought a new position in shares of Herc Holdings in the 2nd quarter valued at $229,000. Eqis Capital Management Inc. bought a new position in shares of Herc Holdings in the 3rd quarter valued at $286,000. Finally, Private Advisor Group LLC increased its stake in shares of Herc Holdings by 3.8% in the 2nd quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 288 shares during the last quarter.
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Shares of Herc Holdings Inc. (NYSE:HRI) opened at $55.50 on Friday. Herc Holdings Inc. has a 52-week low of $33.27 and a 52-week high of $57.64. The company has a quick ratio of 0.85, a current ratio of 0.91 and a debt-to-equity ratio of 8.29.
Herc Holdings (NYSE:HRI) last announced its earnings results on Wednesday, November 8th. The transportation company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23. The firm had revenue of $457.60 million for the quarter, compared to the consensus estimate of $422.31 million. Herc Holdings had a negative return on equity of 6.64% and a negative net margin of 4.08%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. research analysts predict that Herc Holdings Inc. will post -0.53 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Wednesday, October 4th. ValuEngine upgraded Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.71.
Herc Holdings Company Profile
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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