On October 29, 2024, Samuel Sheek, Senior Vice President & Chief Legal Officer of Herc Holdings Inc (HRI, Financial), executed a sale of 5,000 shares of the company. The transaction was reported in a recent SEC Filing. Following this transaction, the insider now owns 21,586 shares of Herc Holdings Inc.
Herc Holdings Inc operates as an equipment rental supplier. The company provides a range of services and equipment for rent, including aerial, earthmoving, and material handling equipment, along with safety supplies and tools for the construction and industrial markets.
The shares were sold at a price of $213.12, valuing the transaction at approximately $1,065,600. This sale contributes to a pattern observed over the past year, where Herc Holdings Inc has seen a total of 13 insider sales and no insider buys.
The company's market cap stands at approximately $5.99 billion. Herc Holdings Inc's current price-earnings ratio is 17.24, which is below the industry median of 18.13, indicating a potentially lower valuation relative to its peers.
According to the GF Value, the intrinsic value of Herc Holdings Inc is estimated at $166.80 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.28.
The insider transaction trends and the GF Value are crucial indicators for investors monitoring Herc Holdings Inc's stock performance and valuation. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent insider activity could be a point of interest for current and potential investors, providing insight into how insiders are reacting to the company's stock valuation and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
