Ameriprise Financial Inc. Grows Holdings in Hertz Global Holdings, Inc (HTZ)

Ameriprise Financial Inc. boosted its position in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 3,974.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,270,677 shares of the transportation company’s stock after purchasing an additional 1,239,488 shares during the quarter. Ameriprise Financial Inc. owned about 1.52% of Hertz Global worth $28,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its position in shares of Hertz Global by 1.2% in the 2nd quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock worth $276,000 after purchasing an additional 282 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Hertz Global by 2.2% in the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after purchasing an additional 285 shares in the last quarter. Hosking Partners LLP boosted its position in shares of Hertz Global by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock worth $625,000 after purchasing an additional 932 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Hertz Global by 0.9% in the 2nd quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock worth $1,442,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Hertz Global by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 72,828 shares of the transportation company’s stock worth $1,628,000 after purchasing an additional 2,282 shares in the last quarter.

Hertz Global Holdings, Inc (NYSE HTZ) traded up $0.43 during midday trading on Thursday, hitting $19.70. The company’s stock had a trading volume of 2,310,300 shares, compared to its average volume of 6,073,992. Hertz Global Holdings, Inc has a twelve month low of $8.52 and a twelve month high of $27.27. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 18.38.

Hertz Global (NYSE:HTZ) last released its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business posted $1.58 EPS. The company’s revenue was up 1.2% on a year-over-year basis. analysts forecast that Hertz Global Holdings, Inc will post -1.39 EPS for the current year.

In related news, SVP Robin Kramer sold 3,524 shares of Hertz Global stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is owned by insiders.

A number of analysts have recently weighed in on HTZ shares. Morgan Stanley cut Hertz Global from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $12.00 to $14.00 in a research report on Thursday, September 14th. ValuEngine raised Hertz Global from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised Hertz Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Hertz Global in a research report on Thursday, September 7th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $18.00 price target (up previously from $14.00) on shares of Hertz Global in a research report on Friday, October 6th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.29.

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

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