Cornercap Investment Counsel Inc. Has $309,000 Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Cornercap Investment Counsel Inc. trimmed its position in Herc Holdings Inc. (NYSE:HRI) by 53.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,938 shares of the transportation company’s stock after selling 2,195 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Herc were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HRI. SG Americas Securities LLC grew its holdings in shares of Herc by 113.7% during the 1st quarter. SG Americas Securities LLC now owns 1,729 shares of the transportation company’s stock worth $291,000 after purchasing an additional 920 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Herc by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,082 shares of the transportation company’s stock worth $855,000 after purchasing an additional 398 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after purchasing an additional 38,798 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Herc during the 1st quarter worth $416,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Herc by 232.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock valued at $2,461,000 after buying an additional 10,217 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

Shares of HRI opened at $217.67 on Monday. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.25 and a beta of 2.02. The business has a 50-day moving average of $179.49 and a 200-day moving average of $154.28.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same quarter last year, the business earned $4.00 earnings per share. Herc’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Insider Transactions at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,880 shares of company stock worth $3,342,960 over the last ninety days. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HRI. JPMorgan Chase & Co. raised their price objective on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Robert W. Baird reiterated a “neutral” rating and issued a $155.00 target price on shares of Herc in a research report on Tuesday, July 23rd. Barclays increased their target price on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $212.25.

Herc 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.