Hertz Global Holdings, Inc (HTZ) Position Increased by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in Hertz Global Holdings, Inc (NYSE:HTZ) by 15.6% in the fourth quarter, according to 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 1.30% of Hertz Global worth $23,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL boosted its stake in Hertz Global by 7.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 5,245,864 shares of the transportation company’s stock worth $117,298,000 after purchasing an additional 358,161 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hertz Global by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,810,744 shares of the transportation company’s stock worth $55,325,000 after purchasing an additional 272,574 shares in the last quarter. State Street Corp boosted its stake in Hertz Global by 43.0% in the 2nd quarter. State Street Corp now owns 2,044,213 shares of the transportation company’s stock worth $23,510,000 after purchasing an additional 614,357 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Hertz Global by 3,974.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock worth $28,414,000 after purchasing an additional 1,239,488 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Hertz Global by 1.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,174,048 shares of the transportation company’s stock worth $26,252,000 after purchasing an additional 11,380 shares in the last quarter.

Shares of Hertz Global Holdings, Inc (HTZ) opened at $19.24 on Tuesday. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77. Hertz Global Holdings, Inc has a 12 month low of $8.52 and a 12 month high of $27.27. The company has a market cap of $1,610.00 and a P/E ratio of -2.21.

HTZ has been the subject of a number of recent analyst reports. Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Morgan Stanley decreased their price objective on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Zacks Investment Research cut shares of Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Macquarie upgraded shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Hertz Global presently has an average rating of “Hold” and an average price target of $17.00.

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Hertz Global Profile

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

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