Versor Investments LP Invests $935,000 in Herc Holdings Inc. $HRI

Versor Investments LP bought a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, HoldingsChannel reports. The firm bought 6,300 shares of the transportation company’s stock, valued at approximately $935,000.

A number of other institutional investors also recently modified their holdings of HRI. AQR Capital Management LLC boosted its holdings in shares of Herc by 176.9% during the first quarter. AQR Capital Management LLC now owns 25,782 shares of the transportation company’s stock worth $3,462,000 after purchasing an additional 16,470 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Herc by 25.2% during the first quarter. Goldman Sachs Group Inc. now owns 263,180 shares of the transportation company’s stock worth $35,337,000 after purchasing an additional 53,054 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Herc during the second quarter worth about $267,000. Federated Hermes Inc. boosted its holdings in shares of Herc by 12,425.7% during the second quarter. Federated Hermes Inc. now owns 20,918 shares of the transportation company’s stock worth $2,755,000 after purchasing an additional 20,751 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Herc by 9.0% during the second quarter. California Public Employees Retirement System now owns 53,728 shares of the transportation company’s stock worth $7,075,000 after purchasing an additional 4,451 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HRI has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Citigroup increased their target price on shares of Herc from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. KeyCorp dropped their target price 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, Robert W. Baird dropped their target price on shares of Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $165.67.

Herc Price Performance

HRI stock opened at $139.38 on Wednesday. Herc Holdings Inc. has a 1 year low of $88.45 and a 1 year high of $188.35. The company has a market cap of $4.65 billion, a P/E ratio of -516.21, a PEG ratio of 27.15 and a beta of 1.90. The firm has a 50-day moving average of $113.45 and a 200 day moving average of $136.92. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.46 and a quick ratio of 1.46.

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

About Herc

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.