Commerzbank Aktiengesellschaft FI Sells 190,900 Shares of Hertz Global Holdings, Inc (HTZ)

Commerzbank Aktiengesellschaft FI trimmed its stake in Hertz Global Holdings, Inc (NYSE:HTZ) by 44.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 237,315 shares of the transportation company’s stock after selling 190,900 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.28% of Hertz Global worth $5,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Voya Investment Management LLC increased its holdings in Hertz Global by 1.2% in the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 282 shares during the period. Suntrust Banks Inc. increased its holdings in Hertz Global by 2.2% in the second 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 during the period. Hosking Partners LLP increased its holdings in Hertz Global by 1.7% in the second 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 during the period. SG Americas Securities LLC increased its holdings in Hertz Global by 0.9% in the second 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 during the period. Finally, Rhumbline Advisers increased its holdings in Hertz Global by 3.2% in the third 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 during the period.

HTZ has been the subject of a number of recent research reports. Northcoast Research restated a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Zacks Investment Research upgraded Hertz Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub upgraded Hertz Global from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Deutsche Bank reiterated a “hold” rating and set a $18.00 price target (up from $14.00) on shares of Hertz Global in a report on Friday, October 6th. Finally, ValuEngine downgraded Hertz Global from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Five research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.29.

Shares of Hertz Global Holdings, Inc (HTZ) opened at $20.27 on Friday. 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 Holdings, Inc has a 1-year low of $8.52 and a 1-year high of $27.27.

Hertz Global (NYSE:HTZ) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, topping 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 firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the business posted $1.58 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. analysts anticipate that Hertz Global Holdings, Inc will post -1.39 earnings per share for the current fiscal year.

In other news, SVP Robin Kramer sold 3,524 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.33% of the stock is owned by corporate insiders.

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About Hertz Global

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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