Wealthspire Advisors LLC Buys Shares of 2,713 Herc Holdings Inc. $HRI

Wealthspire Advisors LLC bought a new stake in Herc Holdings Inc. (NYSE:HRI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,713 shares of the transportation company’s stock, valued at approximately $357,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Strs Ohio purchased a new position in Herc during the 1st quarter valued at about $779,000. Intech Investment Management LLC grew its position in Herc by 42.2% during the first quarter. Intech Investment Management LLC now owns 16,738 shares of the transportation company’s stock valued at $2,247,000 after purchasing an additional 4,971 shares in the last quarter. A&I Financial Services LLC purchased a new position in Herc during the second quarter valued at approximately $636,000. KLP Kapitalforvaltning AS increased its stake in Herc by 27.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,523 shares of the transportation company’s stock valued at $859,000 after buying an additional 1,423 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Herc by 22.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 30,182 shares of the transportation company’s stock worth $4,053,000 after buying an additional 5,554 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HRI. Weiss Ratings restated a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. Citigroup lifted their price objective on 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 Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company began coverage on Herc in a report on Thursday, November 13th. They set an “overweight” rating and a $170.00 price target for the company. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.33.

Herc Price Performance

NYSE HRI opened at $132.39 on Friday. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $236.39. The stock’s 50-day moving average is $128.52 and its two-hundred day moving average is $128.23. The firm has a market cap of $4.40 billion, a P/E ratio of -52.53, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.22 and a quick ratio of 1.15.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 EPS for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%.The business had revenue of $745.00 million for the quarter. On average, analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share 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.