Evelyn Partners Investment Management Services Ltd Grows Position in Herc Holdings Inc. $HRI

Evelyn Partners Investment Management Services Ltd increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 193.6% in the second quarter, Holdings Channel reports. The firm owned 1,095 shares of the transportation company’s stock after buying an additional 722 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in Herc were worth $144,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HRI. Strs Ohio purchased a new position in Herc during the first quarter worth about $779,000. Intech Investment Management LLC lifted its holdings in shares of Herc by 42.2% in the 1st quarter. Intech Investment Management LLC now owns 16,738 shares of the transportation company’s stock worth $2,247,000 after acquiring an additional 4,971 shares during the last quarter. A&I Financial Services LLC purchased a new position in shares of Herc during the 2nd quarter worth approximately $636,000. KLP Kapitalforvaltning AS boosted its position in shares of Herc by 27.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,523 shares of the transportation company’s stock worth $859,000 after purchasing an additional 1,423 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Herc by 22.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 30,182 shares of the transportation company’s stock valued at $4,053,000 after purchasing an additional 5,554 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Ratings Changes

HRI has been the topic of a number of research reports. Baird R W upgraded Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research note on Wednesday, October 8th. Robert W. Baird set a $200.00 target price on Herc in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of Herc from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen raised shares of Herc from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Herc Stock Up 10.3%

HRI stock opened at $132.39 on Friday. The company’s 50 day moving average price is $128.52 and its 200 day moving average price is $128.12. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -52.53, a PEG ratio of 1.71 and a beta of 1.87. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $236.39. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.15 and a current ratio of 1.22.

Herc (NYSE:HRI) last posted its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 EPS for the quarter. Herc had a negative net margin of 1.68% and a positive return on equity of 16.32%. The company had revenue of $745.00 million during the quarter. On average, equities research analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

About Herc

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.