Hertz Global Holdings, Inc (HTZ) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in Hertz Global Holdings, Inc (NYSE:HTZ) by 3,974.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,270,677 shares of the transportation company’s stock after buying an additional 1,239,488 shares during the quarter. Ameriprise Financial Inc. owned about 1.52% of Hertz Global worth $28,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Voya Investment Management LLC grew its holdings in 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 buying an additional 282 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Hertz Global by 2.2% during the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 285 shares in the last quarter. Hosking Partners LLP boosted its stake in Hertz Global by 1.7% during the 2nd quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock valued at $625,000 after purchasing an additional 932 shares in the last quarter. SG Americas Securities LLC boosted its stake in Hertz Global by 0.9% during the 2nd quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock valued at $1,442,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Hertz Global by 3.2% during the 3rd quarter. Rhumbline Advisers now owns 72,828 shares of the transportation company’s stock valued at $1,628,000 after purchasing an additional 2,282 shares in the last quarter.

A number of equities analysts have issued reports on the company. Morgan Stanley lowered Hertz Global from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $12.00 to $14.00 in a research note on Thursday, September 14th. BidaskClub lowered Hertz Global from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group reaffirmed a “sell” rating on shares of Hertz Global in a research note on Thursday, September 7th. ValuEngine lowered Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Hertz Global currently has an average rating of “Hold” and an average price target of $17.29.

Shares of Hertz Global Holdings, Inc (HTZ) traded up $0.94 during trading hours on Friday, hitting $22.55. The stock had a trading volume of 3,776,355 shares, compared to its average volume of 2,882,942. Hertz Global Holdings, Inc has a one year low of $8.52 and a one year 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 data on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. equities research analysts expect that Hertz Global Holdings, Inc will post -1.39 EPS for the current year.

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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.

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

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