GAMCO INVESTORS, INC. ET AL Total Shares: 3,542,483 Declares Ownership of Stake in Herc Holdings Inc. (HRI)
GAMCO INVESTORS, INC. ET AL
revealed that they own a 12.5% stake in Herc Holdings Inc. (NYSE:HRI) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, October 11th. The investor owns 3,542,483 shares of the stock valued at approximately $119,948,474. The reporting parties listed on the disclosure included Gabelli Funds, LLC ID No 134044523, GAMCO Asset Management Inc ID No 134044521, Gabelli Securities, Inc ID No 133379374, Gabelli Foundation, Inc ID No 942975159, MJG Associates, Inc ID No 061304269, MJGIV Limited Partnership ID No 133191826, GGCP, Inc ID No 133056041, GAMCO Investors, Inc ID No 134007862, Associated Capital Group, Inc ID No 473965991 and Mario J Gabelli. The disclosure is available through the SEC website at this link.
Shares of Herc Holdings Inc. (NYSE:HRI) traded down 1.74% during mid-day trading on Tuesday, hitting $33.27. 56,199 shares of the stock were exchanged. The stock’s 50 day moving average is $33.66 and its 200 day moving average is $31.25. Herc Holdings Inc. has a 12 month low of $20.85 and a 12 month high of $60.15. The firm has a market cap of $941.87 million, a P/E ratio of 11.11 and a beta of 2.32.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.59. The firm had revenue of $380.40 million for the quarter, compared to analysts’ expectations of $422.70 million. Herc Holdings had a return on equity of 11.95% and a net margin of 3.07%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. Analysts expect that Herc Holdings Inc. will post $0.26 EPS for the current fiscal year.
HRI has been the topic of several recent analyst reports. Longbow Research initiated coverage on shares of Herc Holdings in a report on Thursday, July 7th. They issued a “neutral” rating on the stock. KeyCorp initiated coverage on shares of Herc Holdings in a report on Wednesday, July 6th. They issued a “sector weight” rating on the stock. Zacks Investment Research upgraded shares of Herc Holdings from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday, July 18th. Finally, Barclays PLC initiated coverage on shares of Herc Holdings in a report on Monday, August 15th. They issued an “equal weight” rating and a $34.00 price target on the stock.
In other news, Director James H. Browning acquired 1,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of $32.94 per share, with a total value of $49,410.00. Following the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at $49,410. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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