Herc Holdings Inc. (HRI) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC lowered its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 11.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,972 shares of the transportation company’s stock after selling 1,244 shares during the quarter. SG Americas Securities LLC’s holdings in Herc Holdings were worth $392,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in Herc Holdings by 4.2% during the first quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock valued at $1,933,000 after buying an additional 1,600 shares during the last quarter. Hosking Partners LLP lifted its stake in shares of Herc Holdings by 10.2% in the 1st quarter. Hosking Partners LLP now owns 17,656 shares of the transportation company’s stock valued at $863,000 after purchasing an additional 1,632 shares during the last quarter. BlueCrest Capital Management Ltd lifted its stake in shares of Herc Holdings by 34.7% in the 1st quarter. BlueCrest Capital Management Ltd now owns 7,305 shares of the transportation company’s stock valued at $357,000 after purchasing an additional 1,883 shares during the last quarter. Norman Fields Gottscho Capital Management LLC lifted its stake in shares of Herc Holdings by 3.0% in the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 70,627 shares of the transportation company’s stock valued at $2,777,000 after purchasing an additional 2,037 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Herc Holdings by 45.5% in the 1st quarter. Private Advisor Group LLC now owns 7,676 shares of the transportation company’s stock valued at $355,000 after purchasing an additional 2,400 shares during the last quarter.
In related news, major shareholder Carl C. Icahn bought 109,249 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $38.95 per share, with a total value of $4,255,248.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO James Bruce Dressel bought 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $39.02 per share, with a total value of $97,550.00. Following the completion of the acquisition, the chief operating officer now owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.
Herc Holdings Inc. (NYSE HRI) opened at 46.01 on Wednesday. Herc Holdings Inc. has a 52 week low of $28.66 and a 52 week high of $52.96. The company has a 50 day moving average price of $42.04 and a 200 day moving average price of $43.12. The stock’s market cap is $1.30 billion.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The firm had revenue of $416.00 million during the quarter, compared to the consensus estimate of $397.00 million. During the same quarter last year, the firm earned ($0.28) earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that Herc Holdings Inc. will post ($0.55) EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Herc Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. ValuEngine upgraded Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. MKM Partners restated a “buy” rating and set a $22.00 price objective on shares of Herc Holdings in a report on Friday, July 7th. Finally, Sidoti downgraded Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.
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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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