Herc Holdings Inc. $HRI Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 20.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,752 shares of the transportation company’s stock after purchasing an additional 807 shares during the quarter. Teacher Retirement System of Texas’ holdings in Herc were worth $626,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. raised its holdings in Herc by 5.1% during the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company’s stock worth $298,000 after purchasing an additional 107 shares in the last quarter. Midwest Financial Group LLC raised its stake in Herc by 12.5% during the 2nd quarter. Midwest Financial Group LLC now owns 1,803 shares of the transportation company’s stock worth $237,000 after acquiring an additional 200 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in Herc by 10.5% in the second quarter. Johnson Investment Counsel Inc. now owns 2,215 shares of the transportation company’s stock valued at $292,000 after acquiring an additional 210 shares during the last quarter. AlphaQuest LLC boosted its stake in Herc by 158.2% in the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 223 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of Herc by 7.0% during the first quarter. Bailard Inc. now owns 3,947 shares of the transportation company’s stock worth $530,000 after purchasing an additional 259 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Trading Up 0.7%

NYSE:HRI opened at $136.93 on Friday. Herc Holdings Inc. has a 12-month low of $96.18 and a 12-month high of $237.70. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 4.28. The stock’s 50 day simple moving average is $128.67 and its 200-day simple moving average is $126.82. The firm has a market cap of $4.56 billion, a P/E ratio of -54.34, a PEG ratio of 1.71 and a beta of 1.87.

Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. The firm had revenue of $745.00 million during the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%. Equities analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Citigroup lifted their price target on Herc from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Robert W. Baird set a $200.00 target price on shares of Herc in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.20.

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.