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

Versor Investments LP purchased a new position in Herc Holdings Inc. (NYSE:HRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,300 shares of the transportation company’s stock, valued at approximately $935,000.

Several other institutional investors have also recently made changes to their positions in HRI. AQR Capital Management LLC grew its position in Herc by 176.9% in the first quarter. AQR Capital Management LLC now owns 25,782 shares of the transportation company’s stock worth $3,462,000 after acquiring an additional 16,470 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Herc by 25.2% in the first quarter. Goldman Sachs Group Inc. now owns 263,180 shares of the transportation company’s stock worth $35,337,000 after acquiring an additional 53,054 shares in the last quarter. Cetera Investment Advisers purchased a new position in Herc in the second quarter worth $267,000. Federated Hermes Inc. grew its position in Herc by 12,425.7% in the second quarter. Federated Hermes Inc. now owns 20,918 shares of the transportation company’s stock worth $2,755,000 after acquiring an additional 20,751 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Herc by 9.0% in the second quarter. California Public Employees Retirement System now owns 53,728 shares of the transportation company’s stock worth $7,075,000 after acquiring an additional 4,451 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

NYSE HRI opened at $139.38 on Wednesday. The company has a 50-day simple moving average of $113.45 and a two-hundred day simple moving average of $136.92. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24. Herc Holdings Inc. has a 12-month low of $88.45 and a 12-month high of $188.35. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of -516.21, a PEG ratio of 27.15 and a beta of 1.90.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The company’s revenue was up 32.3% on a year-over-year basis. On average, equities analysts forecast that Herc Holdings Inc. will post 4.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HRI. Robert W. Baird cut their target price on shares of Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wells Fargo & Company upped their target price on shares of Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their target price on shares of Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. KeyCorp cut their target price on shares of Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Finally, Zacks Research lowered shares of Herc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $165.67.

Herc Company 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.