Rep. Jefferson Shreve Buys Herc Holdings Inc. (NYSE:HRI) Stock

Representative Jefferson Shreve (R-Indiana) disclosed the purchase of Herc Holdings Inc. (NYSE:HRI) shares valued between $15,001 and $50,000 on April 7th, as per a filing on May 8th. The stock recently traded at $121.40, down $2.11, with a market cap of $3.46 billion. Analysts have adjusted target prices for HRI, with Robert W. Baird lowering it to $110.00 and JPMorgan Chase to $140.00, both maintaining a "neutral" rating. Institutional investors hold 93.11% of the stock.

Representative Jefferson Shreve (R-Indiana) recently bought shares of Herc Holdings Inc. NYSE: HRI. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Herc stock on April 7th.

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Representative Jefferson Shreve also recently made the following trade(s):

Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Herc Stock Performance

HRI stock traded down $2.11 during midday trading on Friday, hitting $121.40. The stock had a trading volume of 437,421 shares, compared to its average volume of 371,030. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.61 and a beta of 1.85. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a 50-day simple moving average of $123.15 and a 200 day simple moving average of $174.41. Herc Holdings Inc. has a 52 week low of $96.19 and a 52 week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same quarter last year, the firm posted $2.36 earnings per share. As a group, equities research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Hedge Funds Weigh In On Herc

A number of hedge funds and other institutional investors have recently bought and sold shares of HRI. Jones Financial Companies Lllp boosted its position in shares of Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after purchasing an additional 167 shares during the last quarter. Quarry LP raised its holdings in Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after buying an additional 194 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after acquiring an additional 80 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Herc by 1,831.3% in the first quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after purchasing an additional 293 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Herc during the 4th quarter worth approximately $59,000. 93.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HRI. Robert W. Baird lowered their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Citigroup cut their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 price target (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Finally, Barclays reduced their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Herc currently has an average rating of "Moderate Buy" and an average price target of $139.20.

Check Out Our Latest Research Report on Herc

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Herc Company Profile

(Get Free Report)

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.

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