Billionaire Carl C. Icahn, the largest shareholder of Herc Holdings Inc. stock, reduced his shares this week in the Bonita Springs-based equipment rental company. On Wednesday, Icahn cut his investment in Herc by 4.54% with the sale of 204,234 shares, statements filed with the U.S. Securities and Exchange Commission show.
Icahn, through Icahn Capital LP and Icahn Partners Master Fund LP, based in Miami-Dade’s Sunny Isles Beach, still holds nearly 4.3 million shares in Herc Holdings, which was spun off of Hertz Global Holdings in 2016. Last spring, Icahn sold his 39% stake in Hertz at a nearly $2 billion loss after the Estero-based car-rental giant filed for bankruptcy.
The SEC statements filed this week represent the first change to Icahn’s Herc holdings in four years. The activist shareholder last purchased 181,929 shares of the company’s stock in the third quarter of 2017. In financial results released last week, Herc Holdings reported record revenue and profits during the third quarter of 2021.
