Whalen Wealth Management Inc. Cuts Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Whalen Wealth Management Inc. lowered its position in shares of Herc Holdings Inc. (NYSE:HRI) by 58.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,012 shares of the transportation company’s stock after selling 2,821 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Herc were worth $381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd raised its position in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 270 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 338 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Herc in the third quarter worth approximately $80,000. 93.11% of the stock is owned by institutional investors.

Herc Stock Down 1.2 %

HRI stock opened at $207.49 on Thursday. The business’s 50-day moving average price is $205.60 and its 200-day moving average price is $175.47. The stock has a market cap of $5.89 billion, a P/E ratio of 16.97, a PEG ratio of 1.09 and a beta of 2.06. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. Herc’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.00 EPS. On average, equities research analysts forecast that Herc Holdings Inc. will post 13.48 EPS for the current year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, December 16th. Herc’s dividend payout ratio (DPR) is 21.75%.

Insider Buying and Selling

In related news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HRI. The Goldman Sachs Group raised their target price on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays upped their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Herc presently has a consensus rating of “Hold” and a consensus target price of $219.75.

Herc 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.