Insider Selling: Herc Holdings Inc. (NYSE:HRI) SVP Sells $925,713.63 in Stock

Herc Holdings Inc. (NYSE:HRI) SVP Tamir Peres sold 5,821 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Herc Stock Down 6.7 %

Shares of NYSE HRI opened at $134.49 on Friday. The firm’s 50-day moving average price is $138.21 and its 200-day moving average price is $149.03. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.88 and a beta of 2.08. Herc Holdings Inc. has a 12-month low of $100.17 and a 12-month high of $171.00.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday, May 30th. Herc’s dividend payout ratio (DPR) is currently 21.97%.

Analyst Upgrades and Downgrades

HRI has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Herc from $155.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. initiated coverage on shares of Herc in a research report on Friday, June 7th. They set a “neutral” rating and a $155.00 target price on the stock. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Robert W. Baird restated a “neutral” rating and set a $155.00 target price on shares of Herc in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $159.50.

Institutional Trading of Herc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new stake in Herc in the 2nd quarter worth about $333,000. Rhumbline Advisers raised its position in Herc by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 43,234 shares of the transportation company’s stock worth $5,763,000 after purchasing an additional 1,225 shares during the period. Versor Investments LP purchased a new stake in Herc in the 2nd quarter worth about $906,000. Hantz Financial Services Inc. purchased a new stake in Herc in the 2nd quarter worth about $433,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Herc by 26.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,841 shares of the transportation company’s stock worth $14,107,000 after purchasing an additional 21,971 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.