A substantial insider sell was reported on May 15, by Harris Lawrence Silber, President & CEO at Herc Hldgs (NYSE:HRI), based on the recent SEC filing.
What Happened: Silber's recent move involves selling 20,000 shares of Herc Hldgs. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value is $3,176,121.
In the Thursday's morning session, Herc Hldgs's shares are currently trading at $159.25, experiencing a down of 0.0%.
About Herc Hldgs
Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.4 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.
Key Indicators: Herc Hldgs's Financial Health
Revenue Growth: Herc Hldgs's revenue growth over a period of ...