Schwab Charles Investment Management Inc. boosted its stake in Herc Holdings Inc. (NYSE:HRI) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 245,466 shares of the transportation company’s stock after buying an additional 9,955 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Herc were worth $13,830,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Institutional & Family Asset Management LLC bought a new stake in Herc during the first quarter valued at $122,000. Gilder Gagnon Howe & Co. LLC boosted its position in Herc by 138.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,581 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 2,081 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Herc during the first quarter valued at $238,000. Koch Industries Inc. bought a new stake in Herc during the first quarter valued at $407,000. Finally, Private Advisor Group LLC bought a new stake in Herc during the first quarter valued at $485,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

A number of analysts have commented on the stock. Buckingham Research raised shares of Herc from a “neutral” rating to a “buy” rating and upped their price target for the company from $67.00 to $70.00 in a research report on Friday, July 13th. ValuEngine cut shares of Herc from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research cut shares of Herc from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $66.33.

HRI stock opened at $50.55 on Tuesday. The stock has a market cap of $1.48 billion, a PE ratio of 94.18 and a beta of 2.36. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 4.48. Herc Holdings Inc. has a 1 year low of $44.85 and a 1 year high of $72.99.

Herc (NYSE:HRI) last released its quarterly earnings data on Wednesday, August 8th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.09). The company had revenue of $485.50 million for the quarter, compared to the consensus estimate of $462.50 million. Herc had a return on equity of 3.55% and a net margin of 11.61%. Herc’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. sell-side analysts expect that Herc Holdings Inc. will post 1.36 EPS for the current fiscal year.

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.

Further Reading: What is intrinsic value?

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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