State Street Corp Raises Position in Hertz Global Holdings, Inc (HTZ)

State Street Corp increased its stake in Hertz Global Holdings, Inc (NYSE:HTZ) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,429,856 shares of the transportation company’s stock after buying an additional 62,597 shares during the period. State Street Corp owned 1.71% of Hertz Global Holdings worth $25,083,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of HTZ. Segantii Capital Management Ltd bought a new stake in Hertz Global Holdings during the first quarter valued at about $167,000. Nisa Investment Advisors LLC acquired a new stake in shares of Hertz Global Holdings during the first quarter valued at $174,000. Karp Capital Management Corp acquired a new stake in shares of Hertz Global Holdings during the first quarter valued at $211,000. Suntrust Banks Inc. raised its stake in shares of Hertz Global Holdings by 3.5% in the first quarter. Suntrust Banks Inc. now owns 12,822 shares of the transportation company’s stock valued at $224,000 after buying an additional 434 shares during the period. Finally, WMS Partners LLC acquired a new stake in shares of Hertz Global Holdings during the first quarter valued at $228,000.

Hertz Global Holdings, Inc (NYSE:HTZ) opened at 16.96 on Friday. Hertz Global Holdings, Inc has a one year low of $8.52 and a one year high of $52.27. The company’s market capitalization is $1.42 billion. The company’s 50-day moving average is $15.33 and its 200 day moving average is $15.60.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.51. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts predict that Hertz Global Holdings, Inc will post ($1.63) EPS for the current year.

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Several brokerages have recently weighed in on HTZ. Deutsche Bank AG reiterated a “hold” rating and set a $16.00 target price on shares of Hertz Global Holdings in a research report on Tuesday, May 9th. BidaskClub lowered shares of Hertz Global Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. ValuEngine lowered shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, MKM Partners reiterated a “buy” rating and set a $22.00 target price on shares of Hertz Global Holdings in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Hertz Global Holdings has an average rating of “Hold” and a consensus target price of $21.50.

About Hertz Global Holdings

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.

Institutional Ownership by Quarter for Hertz Global Holdings (NYSE:HTZ)

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