The First Trust Advisors LP Increases Stake in Hertz Global Holdings, Inc (HTZ)

The First Trust Advisors LP Increases Stake in Hertz Global Holdings, Inc (HTZ)

A number of other hedge funds and other institutional investors have also made changes to their positions in HTZ. Federated Investors Inc. PA increased its position in shares of Hertz Global Holdings by 146.3% in the fourth quarter. Federated Investors Inc. PA now owns 5,448 shares of the transportation company’s stock worth $117,000 after buying an additional 3,236 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Hertz Global Holdings during the first quarter worth about $174,000. Russell Investments Group Ltd. acquired a new position in shares of Hertz Global Holdings during the fourth quarter worth about $265,000. First Manhattan Co. increased its position in shares of Hertz Global Holdings by 251.6% in the first quarter. First Manhattan Co. now owns 7,267 shares of the transportation company’s stock worth $291,000 after buying an additional 5,200 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Hertz Global Holdings by 46.2% in the first quarter. Bank of Montreal Can now owns 18,033 shares of the transportation company’s stock worth $316,000 after buying an additional 5,698 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.

First Trust Advisors LP raised its position in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 40.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,897 shares of the transportation company’s stock after buying an additional 65,770 shares during the period. First Trust Advisors LP’s holdings in Hertz Global Holdings were worth $3,980,000 as of its most recent filing with the SEC.

Hertz Global Holdings, Inc (HTZ) opened at 10.08 on Monday. The stock’s market cap is $843.81 million. The stock’s 50 day moving average price is $13.01 and its 200-day moving average price is $19.33. Hertz Global Holdings, Inc has a 12 month low of $9.15 and a 12 month high of $53.14.

Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Monday, May 8th. The transportation company reported ($1.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.00) by $0.61. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned ($0.79) earnings per share. Hertz Global Holdings’s revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts anticipate that Hertz Global Holdings, Inc will post ($0.46) EPS for the current fiscal year.

A number of research analysts have issued reports on HTZ shares. MKM Partners restated a “buy” rating and issued a $29.00 price objective (down previously from $33.00) on shares of Hertz Global Holdings in a research note on Sunday, March 19th. Morgan Stanley reduced their price objective on Hertz Global Holdings from $30.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 28th. Barclays PLC restated an “equal weight” rating and issued a $23.00 price objective (down previously from $31.00) on shares of Hertz Global Holdings in a research note on Friday, February 24th. Deutsche Bank AG restated a “hold” rating and issued a $24.00 price objective on shares of Hertz Global Holdings in a research note on Wednesday, March 1st. Finally, Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.63.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HTZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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