Have Herc Holdings Insiders Been Selling Stock?

We wouldn't blame Herc Holdings Inc. (NYSE:HRI) shareholders if they were a little worried about the fact that Michael Kelly, the Independent Director recently netted about US$810k selling shares at an average price of US$209. That's a big disposal, and it decreased their holding size by 22%, which is notable but not too bad.

See our latest analysis for Herc Holdings

Herc Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the President, Lawrence Silber, sold US$3.2m worth of shares at a price of US$159 per share. That means that an insider was selling shares at slightly below the current price (US$209). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 8.6% of Lawrence Silber's holding.

Insiders in Herc Holdings didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Herc Holdings Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Herc Holdings insiders own 1.7% of the company, currently worth about US$101m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Herc Holdings Insider Transactions Indicate?

Insiders haven't bought Herc Holdings stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 2 warning signs for Herc Holdings you should be aware of, and 1 of them doesn't sit too well with us.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.