Invesco Ltd. Increases Stock Holdings in Herc Holdings Inc. $HRI

Invesco Ltd. increased its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 24.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,709,718 shares of the transportation company’s stock after buying an additional 723,239 shares during the quarter. Invesco Ltd. owned 11.16% of Herc worth $488,533,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Herc by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company’s stock worth $424,726,000 after acquiring an additional 96,329 shares in the last quarter. Norges Bank bought a new position in shares of Herc during the second quarter valued at about $242,697,000. Coliseum Capital Management LLC boosted its holdings in Herc by 213.4% during the first quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company’s stock worth $175,892,000 after purchasing an additional 891,979 shares during the last quarter. American Century Companies Inc. grew its position in Herc by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 1,204,740 shares of the transportation company’s stock worth $158,653,000 after purchasing an additional 271,532 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Herc by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 825,120 shares of the transportation company’s stock worth $110,796,000 after purchasing an additional 92,019 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Herc from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Herc Stock Performance

NYSE HRI opened at $141.64 on Friday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $4.71 billion, a P/E ratio of -56.20, a P/E/G ratio of 1.45 and a beta of 1.81. The company has a fifty day moving average of $130.49 and a 200-day moving average of $128.65. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $235.40.

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

Herc Company Profile

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.