Jacobs Levy Equity Management Inc. Sells 20,050 Shares of Herc Holdings Inc. (NYSE:HRI)

Jacobs Levy Equity Management Inc. trimmed its holdings in Herc Holdings Inc. (NYSE:HRI) by 40.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,364 shares of the transportation company’s stock after selling 20,050 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.10% of Herc worth $5,559,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HRI. Capital World Investors lifted its holdings in shares of Herc by 435.8% in the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company’s stock worth $268,662,000 after acquiring an additional 1,154,182 shares during the last quarter. Norges Bank bought a new stake in shares of Herc in the 4th quarter worth approximately $183,786,000. FMR LLC lifted its holdings in shares of Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock worth $235,748,000 after acquiring an additional 508,359 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Herc in the 4th quarter worth approximately $71,211,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of Herc in the fourth quarter worth $62,982,000. 93.11% of the stock is currently owned by institutional investors.

Herc Price Performance

HRI stock opened at $137.42 on Wednesday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a 1 year low of $96.19 and a 1 year high of $246.88. The firm has a 50-day moving average of $123.31 and a 200 day moving average of $173.14. The company has a market cap of $3.92 billion, a P/E ratio of 18.55, a PEG ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.21). The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period in the prior year, the company posted $2.36 EPS. On average, sell-side analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Herc from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price on Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Barclays reduced their price target on Herc from $250.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Citigroup dropped their price objective on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.20.

Herc Company 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.