AQR Capital Management LLC boosted its stake in Herc Holdings Inc. (NYSE:HRI) by 51.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 394,989 shares of the transportation company’s stock after buying an additional 134,683 shares during the period. AQR Capital Management LLC owned approximately 1.39% of Herc Holdings worth $19,311,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Herc Holdings by 3.8% in the first quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock valued at $93,560,000 after buying an additional 70,727 shares during the period. Harris Associates L P boosted its position 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 valued at $57,593,000 after buying an additional 245,356 shares during the period. Dimensional Fund Advisors LP boosted its position in Herc Holdings by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 787,022 shares of the transportation company’s stock valued at $38,477,000 after buying an additional 83,525 shares during the period. Impala Asset Management LLC boosted its position 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 valued at $19,461,000 after buying an additional 232,199 shares during the period. Finally, Primecap Management Co. CA boosted its position in Herc Holdings by 2.6% in the first quarter. Primecap Management Co. CA now owns 379,440 shares of the transportation company’s stock valued at $18,551,000 after buying an additional 9,448 shares during the period. Institutional investors and hedge funds own 96.70% of the company’s stock.
Shares of Herc Holdings Inc. (HRI) traded up 0.21% during mid-day trading on Friday, reaching $46.84. 792,404 shares of the company were exchanged. Herc Holdings Inc. has a 12 month low of $28.66 and a 12 month high of $52.96. The firm has a 50-day moving average price of $41.43 and a 200 day moving average price of $44.52. The stock’s market capitalization is $1.33 billion.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, May 9th. The transportation company reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by $0.78. The firm had revenue of $389.40 million for the quarter, compared to analyst estimates of $366.74 million. Herc Holdings had a negative net margin of 3.69% and a negative return on equity of 7.69%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Herc Holdings Inc. will post ($0.80) EPS for the current fiscal year.
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Several research analysts have recently issued reports on HRI shares. MKM Partners reiterated a “buy” rating and issued a $22.00 price objective on shares of Herc Holdings in a report on Friday, July 7th. 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 cut shares of Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Finally, Jefferies Group LLC restated a “hold” rating and set a $44.00 target price on shares of Herc Holdings in a report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Herc Holdings has a consensus rating of “Hold” and an average price target of $45.00.
In other news, COO James Bruce Dressel acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average price of $35.61 per share, for a total transaction of $178,050.00. Following the completion of the acquisition, the chief operating officer now owns 38,902 shares in the company, valued at $1,385,300.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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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