Herc Holdings Inc. (NYSE:HRI) COO James Bruce Dressel bought 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the transaction, the chief operating officer now owns 41,402 shares of the company’s stock, valued at $1,615,506.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

James Bruce Dressel also recently made the following trade(s):

  • On Monday, May 22nd, James Bruce Dressel acquired 5,000 shares of Herc Holdings stock. The stock was bought at an average cost of $35.61 per share, for a total transaction of $178,050.00.

Shares of Herc Holdings Inc. (NYSE:HRI) traded up 0.03% during midday trading on Friday, reaching $39.01. The company had a trading volume of 325,634 shares. The firm’s market capitalization is $1.11 billion. Herc Holdings Inc. has a 52 week low of $28.66 and a 52 week high of $52.96. The stock has a 50-day moving average of $42.75 and a 200 day moving average of $44.54.

Herc Holdings (NYSE:HRI) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.25. The firm had revenue of $416 million for the quarter, compared to analysts’ expectations of $397 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. On average, analysts anticipate that Herc Holdings Inc. will post ($0.75) earnings per share for the current year.

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HRI has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 target price on shares of Herc Holdings in a report on Thursday, April 13th. Zacks Investment Research upgraded Herc Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Sidoti downgraded Herc Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Finally, MKM Partners reiterated a “buy” rating and set a $22.00 price target on shares of Herc Holdings in a report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.00.

Several hedge funds have recently made changes to their positions in HRI. Dimensional Fund Advisors LP raised its stake in Herc Holdings by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 871,524 shares of the transportation company’s stock worth $34,268,000 after buying an additional 84,502 shares in the last quarter. Quantbot Technologies LP bought a new stake in Herc Holdings during the second quarter worth $183,000. Vanguard Group Inc. raised its stake in Herc Holdings by 4.9% in the second quarter. Vanguard Group Inc. now owns 2,007,460 shares of the transportation company’s stock worth $78,933,000 after buying an additional 93,761 shares in the last quarter. Northern Trust Corp raised its stake in Herc Holdings by 133.9% in the second quarter. Northern Trust Corp now owns 305,976 shares of the transportation company’s stock worth $12,031,000 after buying an additional 175,184 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in Herc Holdings by 517.8% in the second quarter. GSA Capital Partners LLP now owns 32,155 shares of the transportation company’s stock worth $1,264,000 after buying an additional 26,950 shares in the last quarter. Hedge funds and other institutional investors own 96.41% of the company’s stock.

Herc Holdings Company Profile

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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