Herc Holdings Inc. (NYSE:HRI) Position Cut by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. decreased its position in shares of Herc Holdings Inc. (NYSE:HRI) by 0.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,701 shares of the transportation company’s stock after selling 21 shares during the period. PNC Financial Services Group Inc.’s holdings in Herc Holdings were worth $377,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Laurion Capital Management LP acquired a new position in shares of Herc Holdings during the first quarter worth approximately $1,130,000. Royce & Associates LP boosted its position in shares of Herc Holdings by 22.1% in the first quarter. Royce & Associates LP now owns 245,798 shares of the transportation company’s stock worth $12,017,000 after buying an additional 44,500 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Herc Holdings by 13.0% in the first quarter. Alliancebernstein L.P. now owns 22,639 shares of the transportation company’s stock worth $1,107,000 after buying an additional 2,600 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Herc Holdings by 208.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 8,460 shares of the transportation company’s stock worth $414,000 after buying an additional 5,718 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Herc Holdings during the first quarter worth approximately $18,278,000. Institutional investors and hedge funds own 96.72% of the company’s stock.
Herc Holdings Inc. (NYSE HRI) opened at 44.38 on Friday. The stock has a 50 day moving average of $37.99 and a 200 day moving average of $44.05. Herc Holdings Inc. has a one year low of $28.66 and a one year high of $52.96. The company’s market cap is $1.26 billion.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, May 9th. The transportation company reported ($1.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by $0.78. The firm had revenue of $389.40 million for the quarter, compared to analysts’ expectations of $366.74 million. Herc Holdings had a negative return on equity of 7.69% and a negative net margin of 3.69%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts anticipate that Herc Holdings Inc. will post ($0.80) earnings per share for the current fiscal year.
A number of brokerages have commented on HRI. Zacks Investment Research upgraded shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday. MKM Partners restated a “buy” rating and issued a $22.00 target price on shares of Herc Holdings in a report on Friday, July 7th. ValuEngine upgraded shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Sidoti cut shares of Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $44.00 target price on shares of Herc Holdings in a report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.
In related news, COO James Bruce Dressel bought 5,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were 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 owns 38,902 shares in the company, valued at approximately $1,385,300.22. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.
About Herc Holdings
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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