Herc Holdings Inc. (NYSE:HRI) COO Sells $890,216.52 in Stock

Herc Holdings Inc. (NYSE:HRI) COO Aaron Birnbaum sold 5,844 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the transaction, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Herc Price Performance

NYSE:HRI traded up $0.31 during trading hours on Monday, hitting $152.58. The company’s stock had a trading volume of 138,028 shares, compared to its average volume of 195,744. The business’s 50-day moving average is $159.08 and its two-hundred day moving average is $142.00. The company has a market capitalization of $4.33 billion, a PE ratio of 12.57, a PEG ratio of 0.74 and a beta of 2.27. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.44 and a current ratio of 1.51. Herc Holdings Inc. has a 52-week low of $93.97 and a 52-week high of $171.00.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, February 13th. The transportation company reported $3.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.05). Herc had a return on equity of 28.68% and a net margin of 10.31%. The business had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $858.06 million. During the same quarter in the previous year, the company posted $3.44 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that Herc Holdings Inc. will post 14.59 EPS for the current fiscal year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Wednesday, February 21st were given a $0.665 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Herc’s previous quarterly dividend of $0.63. Herc’s dividend payout ratio (DPR) is currently 21.97%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HRI. The Goldman Sachs Group upped their price target on Herc from $155.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird upped their price target on Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, StockNews.com raised Herc from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $152.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Herc by 14.9% in the third quarter. American Century Companies Inc. now owns 350,401 shares of the transportation company’s stock valued at $41,677,000 after buying an additional 45,427 shares in the last quarter. John G Ullman & Associates Inc. increased its position in shares of Herc by 16.3% in the fourth quarter. John G Ullman & Associates Inc. now owns 34,871 shares of the transportation company’s stock valued at $5,192,000 after buying an additional 4,900 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Herc during the third quarter valued at $1,011,000. Vanguard Group Inc. boosted its stake in shares of Herc by 0.8% during the third quarter. Vanguard Group Inc. now owns 2,837,432 shares of the transportation company’s stock valued at $337,484,000 after acquiring an additional 23,444 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Herc by 3.8% during the third quarter. Northern Trust Corp now owns 287,725 shares of the transportation company’s stock valued at $34,222,000 after acquiring an additional 10,576 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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.