California Public Employees Retirement System increased its position in Hertz Global Holdings, Inc (NYSE:HTZ) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 938,013 shares of the transportation company’s stock after buying an additional 137,213 shares during the quarter. California Public Employees Retirement System owned about 1.12% of Hertz Global worth $20,974,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of 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 worth $59,548,000 after purchasing an additional 2,826,922 shares during the period. Formula Growth Ltd. raised its position in shares of Hertz Global by 550.9% during the second quarter. Formula Growth Ltd. now owns 1,627,293 shares of the transportation company’s stock worth $18,714,000 after purchasing an additional 1,377,293 shares during the period. Glenview Capital Management LLC raised its position in shares of 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 worth $65,721,000 after purchasing an additional 1,350,000 shares during the period. OZ Management LP acquired a new stake in shares of Hertz Global during the second quarter worth $15,397,000. Finally, Ameriprise Financial Inc. raised its position in shares of Hertz Global by 3,974.1% during the third quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock worth $28,414,000 after purchasing an additional 1,239,488 shares during the period.

HTZ has been the topic of a number of recent analyst reports. Zacks Investment Research raised Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, October 17th. Deutsche Bank reaffirmed a “hold” rating and set a $18.00 target price (up from $14.00) on shares of Hertz Global in a research report on Friday, October 6th. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research report on Monday, November 13th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Hertz Global in a research report on Thursday, September 7th. Finally, ValuEngine raised Hertz Global from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.29.

Hertz Global Holdings, Inc (NYSE HTZ) opened at $22.57 on Thursday. Hertz Global Holdings, Inc has a 52-week low of $8.52 and a 52-week high of $27.27. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 18.38.

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

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Hertz Global 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.

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

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