Campbell & CO Investment Adviser LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,596 shares of the transportation company’s stock, valued at approximately $470,000.
A number of other large investors have also recently made changes to their positions in the business. First Trust Advisors LP boosted its holdings in Herc by 95.0% in the first quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock worth $3,191,000 after acquiring an additional 39,880 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Herc by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 6,621 shares of the transportation company’s stock worth $304,000 after acquiring an additional 786 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Herc by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 127,905 shares of the transportation company’s stock worth $5,862,000 after acquiring an additional 17,609 shares in the last quarter. Northern Trust Corp boosted its holdings in Herc by 0.3% in the second quarter. Northern Trust Corp now owns 301,180 shares of the transportation company’s stock worth $13,803,000 after acquiring an additional 793 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Herc by 4.3% in the second quarter. BlackRock Inc. now owns 1,786,873 shares of the transportation company’s stock worth $81,893,000 after acquiring an additional 73,074 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.
Shares of NYSE:HRI opened at $40.12 on Friday. Herc Holdings Inc. has a 52-week low of $33.79 and a 52-week high of $50.81. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day simple moving average is $47.20 and its two-hundred day simple moving average is $45.25. The firm has a market cap of $1.16 billion, a P/E ratio of 25.39, a PEG ratio of 0.47 and a beta of 3.38.
Several brokerages have issued reports on HRI. ValuEngine lowered Herc from a “sell” rating to a “strong sell” rating in a report on Friday, October 11th. Zacks Investment Research lowered Herc from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Herc currently has a consensus rating of “Hold” and an average target price of $58.00.
About Herc
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.
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