Insider Sale at Herc Holdings Inc (HRI): SVP & Chief Information Officer Tamir Peres Sells ...
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Tamir Peres, Senior Vice President and Chief Information Officer of Herc Holdings Inc (NYSE:HRI), sold 5,821 shares of the company on July 31, 2024. The transaction was detailed in a recent SEC Filing. Following this sale, the insider now owns 35,415 shares of Herc Holdings Inc.
Herc Holdings Inc operates as an equipment rental supplier. The company provides a broad range of equipment rental solutions for industries such as construction, industrial, and governmental sectors, among others.
Over the past year, Tamir Peres has sold a total of 9,366 shares and has not made any purchases of the company's stock. This recent sale continues a trend seen across the company, where there have been 11 insider sells and no insider buys over the last year.
On the date of the sale, shares of Herc Holdings Inc were priced at $159.03. The company's market cap was approximately $4.09 billion. The price-earnings ratio stood at 12.10, below both the industry median of 18.195 and the companys historical median.
According to the GF Value, which is an intrinsic value estimate used to gauge the fair value of stocks, Herc Holdings Inc is considered Modestly Undervalued. The GF Value of $171.35 suggests a price-to-GF-Value ratio of 0.93.
The GF Value calculation incorporates historical trading multiples such as 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 sale by the insider at Herc Holdings Inc provides an interesting data point for investors, especially considering the company's valuation metrics and recent stock 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.
This article first appeared on GuruFocus.