California Public Employees Retirement System Grows Position in Hertz Global Holdings, Inc (HTZ)

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.

Hertz Global (NYSE:HTZ) last posted its earnings results on Tuesday, February 27th. The transportation company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.17). Hertz Global had a net margin of 3.73% and a negative return on equity of 13.01%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. equities research analysts anticipate that Hertz Global Holdings, Inc will post -0.7 EPS for the current year.

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.

COPYRIGHT VIOLATION WARNING: This news story was posted by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://baseballnewssource.com/2018/03/14/hertz-global-holdings-inc-htz-position-increased-by-california-public-employees-retirement-system/1890755.html.

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.

Institutional Ownership by Quarter for Hertz Global (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.

 


Latest News

Tampa Bay Starting Relievers In Place of Starters
Tampa Bay Starting Relievers In Place of Starters
Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old


Leave a Reply

 
© 2006-2018 BBNS.