Insider Sell: SVP & Chief HR Officer Christian Cunningham Sells Shares of Herc Holdings Inc ...
Christian Cunningham, Senior Vice President & Chief Human Resources Officer of Herc Holdings Inc (NYSE:HRI), sold 2,597 shares of the company on March 6, 2024, according to a recent SEC filing.Herc Holdings Inc operates as an equipment rental company. The company offers a range of equipment rental solutions for construction, industrial, and governmental entities, including tools, trucks, and heavy machinery.Over the past year, Christian Cunningham has sold a total of 12,570 shares of Herc Holdings Inc and has not made any purchases of the stock. The insider transaction history for Herc Holdings Inc shows no insider buys over the past year, but there have been 7 insider sells during the same period.
On the day of the insider's recent sale, shares of Herc Holdings Inc were trading at $165.33, giving the company a market cap of $4.431 billion. The price-earnings ratio of the stock is 12.93, which is lower than the industry median of 17.705 and also below the company's historical median price-earnings ratio.
Considering the stock's price of $165.33 and the GuruFocus Value of $183.04, Herc Holdings Inc has a price-to-GF-Value ratio of 0.9, indicating that the stock is modestly undervalued based on its GF Value. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.The recent insider sell by Christian Cunningham may provide investors with context on how insiders are viewing the stock's valuation and future prospects. However, investors should consider a wide range of factors, including broader market conditions and the company's overall financial health, when making investment decisions.
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.
