The Manufacturers Life Insurance Company Has $3.03 Million Stake in Herc Holdings Inc. (NYSE:HRI)

The Manufacturers Life Insurance Company decreased its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,004 shares of the transportation company’s stock after selling 418 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Herc worth $3,030,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HRI. Jones Financial Companies Lllp raised its holdings in Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 167 shares in the last quarter. Quarry LP lifted its position in Herc by 646.7% in the fourth quarter. Quarry LP now owns 224 shares of the transportation company’s stock worth $42,000 after purchasing an additional 194 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after buying an additional 80 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after buying an additional 130 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after buying an additional 117 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Herc stock opened at $121.40 on Friday. The business’s fifty day moving average is $123.15 and its two-hundred day moving average is $174.41. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $3.46 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.61 and a beta of 1.85. Herc Holdings Inc. has a 52 week low of $96.19 and a 52 week high of $246.88.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same period in the prior year, the company earned $2.36 EPS. Equities research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup decreased their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Robert W. Baird cut their target price on Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Barclays cut their price objective on Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.20.

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.