Hertz Global Holdings, Inc (HTZ) Shares Sold by Commonwealth Bank of Australia
Commonwealth Bank of Australia trimmed its position in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,071 shares of the transportation company’s stock after selling 42,900 shares during the period. Commonwealth Bank of Australia owned approximately 0.21% of Hertz Global worth $3,886,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in HTZ. Crow Point Partners LLC acquired a new stake in shares of Hertz Global during the 3rd quarter worth $112,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Hertz Global during the 2nd quarter worth $147,000. Suntrust Banks Inc. increased its holdings in shares of Hertz Global by 2.2% during the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after buying an additional 285 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of Hertz Global during the 2nd quarter worth $199,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Hertz Global by 479,950.0% during the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after buying an additional 9,599 shares during the last quarter.
Shares of Hertz Global Holdings, Inc (NYSE HTZ) traded up $1.32 during midday trading on Friday, reaching $20.27. The company had a trading volume of 8,087,801 shares, compared to its average volume of 5,339,594. Hertz Global Holdings, Inc has a 52-week low of $8.52 and a 52-week high of $27.27. The company has a debt-to-equity ratio of 18.38, a current ratio of 1.77 and a quick ratio of 1.77.
Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. Hertz Global had a negative return on equity of 14.05% and a negative net margin of 8.35%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the firm earned $1.58 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. analysts forecast that Hertz Global Holdings, Inc will post -1.39 earnings per share for the current year.
HTZ has been the subject of a number of research analyst reports. Deutsche Bank restated a “hold” rating and set a $18.00 price objective (up from $14.00) on shares of Hertz Global in a report on Friday, October 6th. Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, October 17th. ValuEngine upgraded Hertz Global from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Finally, Morgan Stanley lowered their price target on Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Hertz Global currently has an average rating of “Hold” and an average target price of $17.29.
In related news, SVP Robin Kramer sold 3,524 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.
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Hertz Global Company 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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