Wayne Hummer Investments L.L.C. bought a new stake in shares of Hertz Global Holdings, Inc (NYSE:HTZ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,800 shares of the transportation company’s stock, valued at approximately $349,000.
Other large investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new position in Hertz Global during the 4th quarter valued at about $181,000. Pacer Advisors Inc. grew its stake in shares of Hertz Global by 479,950.0% in the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after buying an additional 9,599 shares in the last quarter. Sei Investments Co. grew its stake in shares of Hertz Global by 260.2% in the 3rd quarter. Sei Investments Co. now owns 11,871 shares of the transportation company’s stock valued at $265,000 after buying an additional 8,575 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Hertz Global in the 4th quarter valued at approximately $382,000. Finally, ProVise Management Group LLC bought a new stake in shares of Hertz Global in the 3rd quarter valued at approximately $407,000.
HTZ has been the subject of several recent research reports. Zacks Investment Research raised Hertz Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine cut Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Morgan Stanley lowered their price target on Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Macquarie raised Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Finally, Goldman Sachs Group lowered their price target on Hertz Global from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Thursday, February 15th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Hertz Global presently has an average rating of “Hold” and an average price target of $17.00.
Hertz Global (NYSE:HTZ) last announced its earnings results on Tuesday, February 27th. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.17). The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Hertz Global had a negative return on equity of 13.01% and a net margin of 3.73%. analysts expect that Hertz Global Holdings, Inc will post -0.7 EPS for the current year.
In other Hertz Global news, SVP Robin Kramer sold 5,450 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $19.67, for a total transaction of $107,201.50. Following the completion of the sale, the senior vice president now owns 5,459 shares of the company’s stock, valued at $107,378.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate insiders.
About Hertz Global
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.
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