Gilder Gagnon Howe & Co. LLC decreased its position in Herc Holdings Inc. (NYSE:HRI) by 33.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,672 shares of the transportation company’s stock after selling 2,788 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Herc Holdings were worth $223,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in Herc Holdings during the first quarter worth $18,278,000. Harris Associates L P raised its stake in Herc Holdings by 26.3% in the first quarter. Harris Associates L P now owns 1,178,007 shares of the transportation company’s stock worth $57,593,000 after buying an additional 245,356 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Herc Holdings during the first quarter worth $11,384,000. Impala Asset Management LLC raised its stake in Herc Holdings by 140.0% in the first quarter. Impala Asset Management LLC now owns 398,049 shares of the transportation company’s stock worth $19,461,000 after buying an additional 232,199 shares in the last quarter. Finally, Norges Bank purchased a new stake in Herc Holdings during the fourth quarter worth $7,844,000. Institutional investors own 96.41% of the company’s stock.
Shares of Herc Holdings Inc. (HRI) opened at 39.00 on Friday. The stock’s market capitalization is $1.10 billion. Herc Holdings Inc. has a 12-month low of $28.66 and a 12-month high of $52.96. The stock’s 50 day moving average is $42.68 and its 200-day moving average is $44.57.
Herc Holdings (NYSE:HRI) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.25. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The firm had revenue of $416 million during the quarter, compared to analysts’ expectations of $397 million. During the same period in the previous year, the company earned ($0.28) EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts expect that Herc Holdings Inc. will post ($0.80) earnings per share for the current year.
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HRI has been the subject of a number of analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $44.00 target price on shares of Herc Holdings in a report on Thursday, April 13th. Zacks Investment Research upgraded shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Sidoti lowered shares of Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Finally, MKM Partners reiterated a “buy” rating and set a $22.00 target price on shares of Herc Holdings in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Herc Holdings presently has a consensus rating of “Hold” and an average price target of $45.00.
In other news, COO James Bruce Dressel purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average cost of $35.61 per share, with a total value of $178,050.00. Following the purchase, the chief operating officer now owns 38,902 shares in the company, valued at $1,385,300.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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