On November 6, 2024, Lawrence Silber, President & CEO of Herc Holdings Inc (HRI, Financial), executed a sale of 45,816 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 167,566 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.
Over the past year, Lawrence Silber has sold a total of 91,958 shares of Herc Holdings Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed over the past year, where there have been 17 insider sells and no insider buys.
Shares of Herc Holdings Inc were priced at $237.41 on the day of the transaction. The company currently has a market cap of approximately $6.63 billion. The price-earnings ratio stands at 19.09, which is above both the industry median of 18.5 and the historical median for the company.
The stock is considered Significantly Overvalued with a price-to-GF Value ratio of 1.42, based on a GF Value of $167.45. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider selling activity may be of interest to investors tracking ownership changes and evaluating the stock's current valuation metrics.
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.
