Hertz Global Holdings, Inc (NYSE:HTZ) shares gapped down before the market opened on Friday following insider selling activity. The stock had previously closed at $19.39, but opened at $20.97. Hertz Global Holdings shares last traded at $21.00, with a volume of 6,447,296 shares trading hands.

Specifically, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $21.53, for a total value of $75,871.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

A number of equities analysts have commented on HTZ shares. MKM Partners restated a “buy” rating and issued a $22.00 price target (down from $29.00) on shares of Hertz Global Holdings in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Hertz Global Holdings from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. ValuEngine lowered shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Barclays PLC lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $17.34 to $9.00 in a research report on Monday, July 31st. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Hertz Global Holdings currently has an average rating of “Hold” and an average target price of $16.86.

The company’s market cap is $1.72 billion. The stock has a 50-day moving average price of $22.53 and a 200 day moving average price of $22.61.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.51). The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Hertz Global Holdings, Inc will post ($1.52) EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in HTZ. Dimensional Fund Advisors LP grew its holdings in shares of Hertz Global Holdings by 120.2% during the 2nd 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 during the last quarter. Gamco Investors INC. ET AL boosted its position in Hertz Global Holdings by 44.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,887,703 shares of the transportation company’s stock worth $56,209,000 after buying an additional 1,501,599 shares during the period. Formula Growth Ltd. boosted its position in Hertz Global Holdings by 550.9% during the 2nd quarter. Formula Growth Ltd. now owns 1,627,293 shares of the transportation company’s stock worth $18,714,000 after buying an additional 1,377,293 shares during the period. Glenview Capital Management LLC boosted its position in Hertz Global Holdings by 30.9% during the 2nd quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock worth $65,721,000 after buying an additional 1,350,000 shares during the period. Finally, OZ Management LP acquired a new stake in Hertz Global Holdings during the 2nd quarter worth approximately $15,397,000.

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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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