Hertz Global Holdings Inc. (NYSE:HTZ) major shareholder Carl C. Icahn purchased 1,244,831 shares of the stock in a transaction on Thursday, November 10th. The stock was acquired at an average price of $28.10 per share, for a total transaction of $34,979,751.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Hertz Global Holdings Inc. (NYSE:HTZ) opened at 28.00 on Tuesday. Hertz Global Holdings Inc. has a one year low of $17.20 and a one year high of $53.14. The company has a market cap of $2.32 billion and a P/E ratio of 37.79. The company’s 50 day moving average is $34.78 and its 200 day moving average is $43.45.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings data on Monday, November 7th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.73 by $1.15. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that Hertz Global Holdings Inc. will post $0.68 earnings per share for the current year.

Insider Buying and Selling by Quarter for Hertz Global Holdings (NYSE:HTZ)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTZ. BlueMountain Capital Management LLC increased its position in Hertz Global Holdings by 62.9% in the first quarter. BlueMountain Capital Management LLC now owns 605,416 shares of the company’s stock valued at $6,375,000 after buying an additional 233,859 shares during the last quarter. First Republic Investment Management Inc. increased its position in Hertz Global Holdings by 109.8% in the first quarter. First Republic Investment Management Inc. now owns 155,028 shares of the company’s stock valued at $1,633,000 after buying an additional 81,138 shares during the last quarter. Phocas Financial Corp. acquired a new position in Hertz Global Holdings during the first quarter valued at $2,721,000. Seven Eight Capital LLC acquired a new position in Hertz Global Holdings during the first quarter valued at $311,000. Finally, Mountain Lake Investment Management LLC acquired a new position in Hertz Global Holdings during the first quarter valued at $158,000. Hedge funds and other institutional investors own 49.24% of the company’s stock.

Several equities research analysts have issued reports on the stock. Barclays PLC set a $31.00 price target on shares of Hertz Global Holdings and gave the company a “hold” rating in a research note on Friday. Macquarie reiterated a “hold” rating on shares of Hertz Global Holdings in a research note on Tuesday, November 8th. MKM Partners set a $33.00 price target on shares of Hertz Global Holdings and gave the company a “buy” rating in a research note on Wednesday, November 9th. Credit Suisse Group AG reiterated a “neutral” rating and issued a $48.00 price target on shares of Hertz Global Holdings in a research note on Tuesday, November 8th. Finally, Northcoast Research lowered shares of Hertz Global Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $48.98.

Hertz Global Holdings 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.

5 Day Chart for NYSE:HTZ

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