Hertz Global Holdings Inc. (NYSE:HTZ) insider Thomas C. Kennedy bought 10,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was purchased at an average price of $28.05 per share, for a total transaction of $280,500.00. Following the acquisition, the insider now directly owns 31,200 shares of the company’s stock, valued at approximately $875,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Hertz Global Holdings Inc. (NYSE:HTZ) traded down 3.11% during trading on Wednesday, hitting $26.44. The stock had a trading volume of 2,141,412 shares. Hertz Global Holdings Inc. has a 12 month low of $17.20 and a 12 month high of $53.14. The stock has a 50-day moving average price of $34.25 and a 200 day moving average price of $43.28. The company has a market cap of $2.19 billion and a P/E ratio of 35.68.

Hertz Global Holdings (NYSE:HTZ) last released its earnings results 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 firm earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.60 billion. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. Equities analysts expect that Hertz Global Holdings Inc. will post $0.68 EPS for the current fiscal year.

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

HTZ has been the topic of several recent analyst reports. Deutsche Bank AG cut their target price on shares of Hertz Global Holdings from $76.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Macquarie initiated coverage on shares of Hertz Global Holdings in a report on Thursday, August 25th. They issued a “neutral” rating and a $56.00 target price on the stock. Morgan Stanley initiated coverage on shares of Hertz Global Holdings in a report on Tuesday, September 6th. They issued an “overweight” rating and a $57.00 target price on the stock. Zacks Investment Research cut shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Finally, Barclays PLC began coverage on Hertz Global Holdings in a research note on Tuesday, September 27th. They issued an “equal weight” rating and a $52.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $46.53.

Institutional investors have recently added to or reduced their stakes in the stock. Iridian Asset Management LLC CT increased its position in Hertz Global Holdings by 15.4% in the second quarter. Iridian Asset Management LLC CT now owns 14,988,648 shares of the company’s stock valued at $165,924,000 after buying an additional 1,999,570 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Hertz Global Holdings by 35.8% in the second quarter. Gamco Investors INC. ET AL now owns 6,999,237 shares of the company’s stock valued at $77,482,000 after buying an additional 1,846,305 shares in the last quarter. Renaissance Technologies LLC bought a new position in Hertz Global Holdings during the first quarter valued at $19,293,000. Mountain Lake Investment Management LLC increased its position in Hertz Global Holdings by 7,203.3% in the second quarter. Mountain Lake Investment Management LLC now owns 1,095,500 shares of the company’s stock valued at $12,127,000 after buying an additional 1,080,500 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its position in Hertz Global Holdings by 171.8% in the second quarter. BlueMountain Capital Management LLC now owns 1,645,312 shares of the company’s stock valued at $18,214,000 after buying an additional 1,039,896 shares in the last quarter. 49.24% of the stock is currently owned by hedge funds and other institutional investors.

About Hertz Global Holdings

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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