Herc Holdings Inc. (HRI) Shares Bought by Proxima Capital Management LLC

Proxima Capital Management LLC increased its holdings in Herc Holdings Inc. (NYSE:HRI) by 20.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,007 shares of the transportation company’s stock after acquiring an additional 37,900 shares during the quarter. Herc Holdings makes up about 4.7% of Proxima Capital Management LLC’s holdings, making the stock its 6th biggest position. Proxima Capital Management LLC owned 0.78% of Herc Holdings worth $8,651,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Swiss National Bank increased its holdings in shares of Herc Holdings by 4.2% in the 1st quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock valued at $1,933,000 after acquiring an additional 1,600 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Herc Holdings by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 384,845 shares of the transportation company’s stock valued at $15,132,000 after acquiring an additional 10,995 shares during the period. Royce & Associates LP increased its holdings in shares of Herc Holdings by 63.7% in the 2nd quarter. Royce & Associates LP now owns 402,268 shares of the transportation company’s stock valued at $15,817,000 after acquiring an additional 156,470 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Herc Holdings by 81.3% in the 1st quarter. Bank of New York Mellon Corp now owns 158,933 shares of the transportation company’s stock valued at $7,770,000 after acquiring an additional 71,265 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Herc Holdings by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock valued at $93,560,000 after acquiring an additional 70,727 shares during the period.

COPYRIGHT VIOLATION WARNING: “Herc Holdings Inc. (HRI) Shares Bought by Proxima Capital Management LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/13/herc-holdings-inc-hri-shares-bought-by-proxima-capital-management-llc.html.

In other Herc Holdings news, COO James Bruce Dressel purchased 2,500 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $39.02 per share, with a total value of $97,550.00. Following the completion of the acquisition, the chief operating officer now owns 41,402 shares of the company’s stock, valued at $1,615,506.04. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Carl C. Icahn purchased 109,249 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, October 4th. ValuEngine raised shares of Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $22.00 target price on shares of Herc Holdings in a report on Friday, July 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.71.

Shares of Herc Holdings Inc. (HRI) traded down 1.49% during trading on Friday, reaching $49.49. 38,396 shares of the company’s stock traded hands. Herc Holdings Inc. has a 1-year low of $28.66 and a 1-year high of $52.96. The company’s market capitalization is $1.40 billion. The company has a 50 day moving average of $46.10 and a 200-day moving average of $43.27.

Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm had revenue of $416.00 million for the quarter, compared to analyst estimates of $397.00 million. During the same period last year, the comp

Other institutional investors have also made changes to their positions in the company. Swiss National Bank increased its holdings in shares of Herc Holdings by 4.2% in the 1st quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock valued at $1,933,000 after acquiring an additional 1,600 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Herc Holdings by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 384,845 shares of the transportation company’s stock valued at $15,132,000 after acquiring an additional 10,995 shares during the period. Royce & Associates LP increased its holdings in shares of Herc Holdings by 63.7% in the 2nd quarter. Royce & Associates LP now owns 402,268 shares of the transportation company’s stock valued at $15,817,000 after acquiring an additional 156,470 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Herc Holdings by 81.3% in the 1st quarter. Bank of New York Mellon Corp now owns 158,933 shares of the transportation company’s stock valued at $7,770,000 after acquiring an additional 71,265 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Herc Holdings by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 1,913,699 shares of the transportation company’s stock valued at $93,560,000 after acquiring an additional 70,727 shares during the period.

COPYRIGHT VIOLATION WARNING: “Herc Holdings Inc. (HRI) Shares Bought by Proxima Capital Management LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/13/herc-holdings-inc-hri-shares-bought-by-proxima-capital-management-llc.html.

In other Herc Holdings news, COO James Bruce Dressel purchased 2,500 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $39.02 per share, with a total value of $97,550.00. Following the completion of the acquisition, the chief operating officer now owns 41,402 shares of the company’s stock, valued at $1,615,506.04. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Carl C. Icahn purchased 109,249 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, October 4th. ValuEngine raised shares of Herc Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $22.00 target price on shares of Herc Holdings in a report on Friday, July 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.71.

Shares of Herc Holdings Inc. (HRI) traded down 1.49% during trading on Friday, reaching $49.49. 38,396 shares of the company’s stock traded hands. Herc Holdings Inc. has a 1-year low of $28.66 and a 1-year high of $52.96. The company’s market capitalization is $1.40 billion. The company has a 50 day moving average of $46.10 and a 200-day moving average of $43.27.

Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm had revenue of $416.00 million for the quarter, compared to analyst estimates of $397.00 million. During the same period last year, the company earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts predict that Herc Holdings Inc. will post ($0.53) earnings per share for the current year.

Herc Holdings 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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Institutional Ownership by Quarter for Herc Holdings (NYSE:HRI)

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