Rep. Jefferson Shreve Sells Shares of Herc Holdings Inc. (NYSE:HRI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Herc Holdings Inc. (NYSE:HRI). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Herc stock on March 5th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Herc Stock Down 0.1 %

HRI stock traded down $0.09 during mid-day trading on Tuesday, reaching $119.04. The company had a trading volume of 26,688 shares, compared to its average volume of 348,101. Herc Holdings Inc. has a fifty-two week low of $109.39 and a fifty-two week high of $246.88. The firm has a fifty day simple moving average of $146.94 and a 200 day simple moving average of $181.61. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI) last issued its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. Analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.35%. This is a boost from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc’s payout ratio is presently 37.79%.

Institutional Investors Weigh In On Herc

Several institutional investors and hedge funds have recently modified their holdings of the stock. Argent Capital Management LLC boosted its holdings in Herc by 38.2% in the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after acquiring an additional 1,910 shares during the period. Proficio Capital Partners LLC purchased a new stake in Herc during the 4th quarter worth $5,377,000. State Street Corp lifted its holdings in Herc by 0.5% in the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock worth $106,165,000 after buying an additional 3,006 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Herc during the fourth quarter valued at about $62,982,000. Finally, Orion Portfolio Solutions LLC increased its position in shares of Herc by 12.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company’s stock worth $527,000 after acquiring an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on HRI shares. Citigroup reduced 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 cut their target price on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a report on Monday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $177.20.

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 [email protected] 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

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.