Tyler Best Purchases 14,320 Shares of Hertz Global Holdings Inc. (HTZ) Stock
Hertz Global Holdings Inc. (NYSE:HTZ) VP Tyler Best purchased 14,320 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average price of $27.93 per share, for a total transaction of $399,957.60. Following the transaction, the vice president now directly owns 28,810 shares in the company, valued at $804,663.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Hertz Global Holdings Inc. (NYSE:HTZ) opened at 26.44 on Thursday. The company has a 50-day moving average price of $33.83 and a 200-day moving average price of $43.11. Hertz Global Holdings Inc. has a 1-year low of $17.20 and a 1-year high of $53.14. The stock has a market cap of $2.19 billion and a price-to-earnings ratio of 35.68.
Hertz Global Holdings (NYSE:HTZ) last issued its earnings results on Monday, November 7th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks’ 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 in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. On average, equities analysts expect that Hertz Global Holdings Inc. will post $0.68 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. Virginia Retirement Systems ET AL acquired a new position in shares of Hertz Global Holdings during the second quarter worth about $501,000. State Street Corp boosted its position in shares of Hertz Global Holdings by 8.4% in the first quarter. State Street Corp now owns 8,056,011 shares of the company’s stock worth $84,836,000 after buying an additional 621,887 shares in the last quarter. SL Advisors LLC acquired a new position in shares of Hertz Global Holdings during the second quarter worth about $229,000. Legal & General Group Plc boosted its position in shares of Hertz Global Holdings by 5.3% in the first quarter. Legal & General Group Plc now owns 2,055,611 shares of the company’s stock worth $21,634,000 after buying an additional 102,909 shares in the last quarter. Finally, Pitcairn Co. boosted its position in shares of Hertz Global Holdings by 3.8% in the second quarter. Pitcairn Co. now owns 14,363 shares of the company’s stock worth $159,000 after buying an additional 531 shares in the last quarter. 49.24% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on HTZ. Macquarie restated a “hold” rating on shares of Hertz Global Holdings in a research report on Tuesday, November 8th. Morgan Stanley began coverage on Hertz Global Holdings in a research report on Tuesday, September 6th. They set an “overweight” rating and a $57.00 target price on the stock. MKM Partners set a $66.00 target price on Hertz Global Holdings and gave the stock a “buy” rating in a research report on Wednesday, September 28th. Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Finally, Northcoast Research cut Hertz Global Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.53.
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.
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