Pier Capital LLC Purchases 12,114 Shares of Herc Holdings Inc. $HRI

Pier Capital LLC raised its position in Herc Holdings Inc. (NYSE:HRI) by 21.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,196 shares of the transportation company’s stock after acquiring an additional 12,114 shares during the quarter. Herc accounts for about 1.6% of Pier Capital LLC’s investment portfolio, making the stock its 8th biggest position. Pier Capital LLC’s holdings in Herc were worth $10,267,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HRI. Aster Capital Management DIFC Ltd acquired a new stake in shares of Herc in the third quarter valued at approximately $31,000. Advisory Services Network LLC bought a new position in shares of Herc in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Herc in the third quarter valued at approximately $40,000. NewEdge Advisors LLC boosted its holdings in shares of Herc by 628.8% in the third quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 371 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Herc by 20.3% in the third quarter. AlphaQuest LLC now owns 438 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HRI shares. Wells Fargo & Company increased their price objective on shares of Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Barclays increased their price objective on shares of Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Tuesday, April 21st. KeyCorp decreased their price objective on shares of Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Finally, Citigroup increased their price objective on shares of Herc from $135.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Herc has a consensus rating of “Hold” and an average target price of $165.67.

Herc Trading Down 3.1%

Shares of NYSE:HRI opened at $131.85 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -488.34, a PEG ratio of 27.13 and a beta of 1.90. Herc Holdings Inc. has a 1-year low of $88.45 and a 1-year high of $188.35. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. The company has a 50 day moving average price of $113.86 and a 200 day moving average price of $136.77.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.42. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. On average, research analysts anticipate that Herc Holdings Inc. will post 4.82 EPS for the current fiscal year.

Herc Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.