Hertz Global Holdings, Inc (NYSE:HTZ) SVP Robin Kramer Sells 5,450 Shares

Hertz Global Holdings, Inc (NYSE:HTZ) SVP Robin Kramer sold 5,450 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 5,459 shares in the company, valued at approximately $107,378.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Hertz Global stock traded down $0.41 during trading on Friday, reaching $20.67. The company’s stock had a trading volume of 1,672,169 shares, compared to its average volume of 3,115,134. Hertz Global Holdings, Inc has a 52-week low of $8.52 and a 52-week high of $27.27. The stock has a market capitalization of $1,752.42, a price-to-earnings ratio of -13.00 and a beta of 0.53. The company has a debt-to-equity ratio of 9.78, a quick ratio of 1.76 and a current ratio of 1.76.

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Hertz Global (NYSE:HTZ) last announced its quarterly earnings data on Tuesday, February 27th. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $2.04 billion. equities research analysts forecast that Hertz Global Holdings, Inc will post -0.7 earnings per share for the current fiscal year.

HTZ has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Hertz Global from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. ValuEngine raised shares of Hertz Global from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Finally, Goldman Sachs decreased their price target on shares of Hertz Global from $15.00 to $13.00 and set a “sell” rating on the stock in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in Hertz Global by 653.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,729,800 shares of the transportation company’s stock valued at $38,229,000 after buying an additional 1,500,100 shares during the period. Ameriprise Financial Inc. boosted its position in Hertz Global by 3,974.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock valued at $28,414,000 after buying an additional 1,239,488 shares during the period. 1060 Capital LLC purchased a new stake in Hertz Global during the 3rd quarter valued at $25,959,000. Silver Point Capital L.P. purchased a new stake in Hertz Global during the 3rd quarter valued at $13,863,000. Finally, State Street Corp boosted its position in Hertz Global by 43.0% during the 2nd quarter. State Street Corp now owns 2,044,213 shares of the transportation company’s stock valued at $23,510,000 after buying an additional 614,357 shares during the period.

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Hertz Global Company 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.

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