Tema Etfs LLC Has $5.08 Million Stake in Herc Holdings Inc. $HRI

Tema Etfs LLC decreased its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 35.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,572 shares of the transportation company’s stock after selling 20,907 shares during the period. Herc comprises about 1.3% of Tema Etfs LLC’s holdings, making the stock its 21st largest position. Tema Etfs LLC’s holdings in Herc were worth $5,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HRI. New Age Alpha Advisors LLC bought a new position in shares of Herc in the first quarter valued at approximately $118,000. Atria Wealth Solutions Inc. bought a new stake in Herc in the 1st quarter valued at about $326,000. Vanguard Group Inc. lifted its holdings in Herc by 3.1% during the first quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company’s stock valued at $424,726,000 after purchasing an additional 96,329 shares during the last quarter. Deutsche Bank AG boosted its holdings in Herc by 85.2% in the 1st quarter. Deutsche Bank AG now owns 45,335 shares of the transportation company’s stock worth $6,087,000 after buying an additional 20,860 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in Herc by 212.3% in the 1st quarter. Wolverine Asset Management LLC now owns 3,644 shares of the transportation company’s stock valued at $489,000 after buying an additional 2,477 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HRI. Wall Street Zen upgraded Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Citigroup increased their price objective on Herc from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Robert W. Baird set a $200.00 target price on Herc in a research note on Wednesday, October 29th. Baird R W upgraded Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Herc has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Herc Price Performance

Herc stock opened at $141.64 on Friday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of -56.20, a PEG ratio of 1.45 and a beta of 1.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.28. The business has a 50-day simple moving average of $130.49 and a 200 day simple moving average of $128.65. Herc Holdings Inc. has a 52 week low of $96.18 and a 52 week high of $235.40.

Herc (NYSE:HRI) last released 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 for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%. On average, research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

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.