Bank of New York Mellon Corp Acquires 10,963 Shares of Hertz Global Holdings, Inc (HTZ)

Bank of New York Mellon Corp raised its position in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367,320 shares of the transportation company’s stock after purchasing an additional 10,963 shares during the quarter. Bank of New York Mellon Corp owned 0.44% of Hertz Global worth $8,214,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HTZ. Dimensional Fund Advisors LP lifted its holdings in Hertz Global by 120.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock valued at $59,548,000 after purchasing an additional 2,826,922 shares in the last quarter. Formula Growth Ltd. lifted its holdings in Hertz Global by 550.9% during the second quarter. Formula Growth Ltd. now owns 1,627,293 shares of the transportation company’s stock valued at $18,714,000 after purchasing an additional 1,377,293 shares in the last quarter. Glenview Capital Management LLC lifted its holdings in Hertz Global by 30.9% during the second quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock valued at $65,721,000 after purchasing an additional 1,350,000 shares in the last quarter. OZ Management LP purchased a new position in Hertz Global during the second quarter valued at approximately $15,397,000. Finally, Wells Fargo & Company MN lifted its holdings in Hertz Global by 71.7% during the second quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock valued at $30,210,000 after purchasing an additional 1,097,060 shares in the last quarter.

Hertz Global Holdings, Inc (NYSE:HTZ) opened at $22.42 on Thursday. Hertz Global Holdings, Inc has a 1-year low of $8.52 and a 1-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. The company has a market cap of $1,882.90, a price-to-earnings ratio of -2.56 and a beta of -0.57.

Hertz Global (NYSE:HTZ) last released its earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. research analysts expect that Hertz Global Holdings, Inc will post -1.39 EPS for the current fiscal year.

Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Hertz Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. 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 report on Friday, October 6th. Morgan Stanley downgraded shares of Hertz Global from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $12.00 to $14.00 in a report on Thursday, September 14th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Hertz Global in a report on Thursday, September 7th. Finally, ValuEngine raised shares of Hertz Global from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.29.

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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.

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

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