On November 6, 2024, Christian Cunningham, Senior Vice President & Chief Human Resources Officer of Herc Holdings Inc (HRI, Financial), sold 4,350 shares of the company. The transaction was executed at an average price of $242.28 per share, leading to a total sale amount of $1,053,918. This sale has reduced the insider's stake in the company to 48,111 shares. Details of the transaction can be viewed on the SEC Filing.
Herc Holdings Inc operates as an equipment rental supplier. The company provides a broad range of equipment rental solutions to a diverse customer base that includes construction, industrial, and governmental sectors.
Over the past year, Christian Cunningham has sold a total of 21,122 shares of Herc Holdings Inc and has not made any purchases of the stock. This recent transaction follows a pattern observed in the company's insider trading activities, with a total of 16 insider sales and no insider buys over the past year.
As of the latest trading session, Herc Holdings Inc shares were priced at $242.28, giving the company a market cap of approximately $6.64 billion. The price-earnings ratio stands at 19.11, which is above both the industry median of 18.55 and the historical median for the company.
The stock's valuation metrics show a GF Value of $167.41, indicating that the stock is currently Significantly Overvalued with a price-to-GF-Value ratio of 1.45.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of corporate confidence and potential future stock performance, particularly in the context of the company's current 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.
