World Asset Management Inc bought a new position in Hertz Global Holdings, Inc (NYSE:HTZ) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 11,419 shares of the transportation company’s stock, valued at approximately $182,000.
A number of other institutional investors have also recently made changes to their positions in HTZ. Norges Bank bought a new stake in Hertz Global in the 4th quarter worth $11,049,000. Marshall Wace LLP grew its holdings in Hertz Global by 1,406.4% in the 1st quarter. Marshall Wace LLP now owns 811,503 shares of the transportation company’s stock worth $14,095,000 after acquiring an additional 757,632 shares during the last quarter. Bank of America Corp DE grew its holdings in Hertz Global by 108.1% in the 4th quarter. Bank of America Corp DE now owns 337,388 shares of the transportation company’s stock worth $4,605,000 after acquiring an additional 175,225 shares during the last quarter. Laurion Capital Management LP bought a new stake in shares of Hertz Global during the 1st quarter valued at about $2,794,000. Finally, Royce & Associates LP boosted its stake in shares of Hertz Global by 14.1% during the 1st quarter. Royce & Associates LP now owns 839,900 shares of the transportation company’s stock valued at $14,589,000 after purchasing an additional 103,500 shares in the last quarter.
A number of brokerages have recently weighed in on HTZ. ValuEngine lowered shares of Hertz Global from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Hertz Global from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research note on Thursday, May 2nd. Deutsche Bank reaffirmed a “hold” rating and set a $21.00 target price on shares of Hertz Global in a research note on Thursday, June 13th. Finally, TheStreet raised shares of Hertz Global from a “d+” rating to a “c-” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.33.
Hertz Global (NYSE:HTZ) last announced its earnings results on Tuesday, August 6th. The transportation company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.52. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.47 billion. Hertz Global had a negative net margin of 1.78% and a positive return on equity of 3.17%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) EPS. Equities analysts anticipate that Hertz Global Holdings, Inc will post 1.06 earnings per share for the current fiscal year.
Hertz Global Profile
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
Read More: Why does a company issue an IPO?
Want to see what other hedge funds are holding HTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hertz Global Holdings, Inc (NYSE:HTZ).
Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.