California Public Employees Retirement System lifted its holdings in Hertz Global Holdings, Inc (NYSE:HTZ) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,084,360 shares of the transportation company’s stock after purchasing an additional 146,347 shares during the period. California Public Employees Retirement System owned about 1.30% of Hertz Global worth $23,964,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. SeaCrest Wealth Management LLC purchased a new stake in Hertz Global in the fourth quarter valued at approximately $181,000. Pacer Advisors Inc. increased its position in shares of Hertz Global by 479,950.0% during the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after acquiring an additional 9,599 shares during the period. Sei Investments Co. increased its position in shares of Hertz Global by 260.2% during the third quarter. Sei Investments Co. now owns 11,871 shares of the transportation company’s stock worth $265,000 after acquiring an additional 8,575 shares during the period. Voya Investment Management LLC increased its holdings in Hertz Global by 1.2% in the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after buying an additional 282 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Hertz Global by 89.7% in the second quarter. Ameriprise Financial Inc. now owns 31,189 shares of the transportation company’s stock valued at $359,000 after buying an additional 14,752 shares during the last quarter.
Shares of Hertz Global Holdings, Inc (NYSE:HTZ) traded down $0.56 on Wednesday, hitting $20.11. 1,913,059 shares of the company’s stock were exchanged, compared to its average volume of 3,820,000. The company has a debt-to-equity ratio of 9.78, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $1,730.00 and a price-to-earnings ratio of 5.10. Hertz Global Holdings, Inc has a 52 week low of $8.52 and a 52 week high of $27.27.
Several research firms recently commented on HTZ. Morgan Stanley dropped their target price on Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Goldman Sachs Group reduced their price objective on shares of Hertz Global from $15.00 to $13.00 and set a “sell” rating for the company in a research report on Thursday, February 15th. ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Finally, Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Hertz Global currently has a consensus rating of “Hold” and a consensus price target of $17.00.
In other news, SVP Robin Kramer sold 5,450 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $19.67, for a total value 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 approximately $107,378.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by insiders.
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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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