NJ State Employees Deferred Compensation Plan cut its holdings in Hertz Global Holdings, Inc (NYSE:HTZ) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,000 shares of the transportation company’s stock after selling 4,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Hertz Global were worth $164,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of Hertz Global by 3,114.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,805 shares of the transportation company’s stock worth $134,000 after purchasing an additional 9,500 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Hertz Global in the second quarter valued at about $153,000. Hollencrest Capital Management bought a new stake in shares of Hertz Global in the fourth quarter valued at about $273,000. Cubist Systematic Strategies LLC bought a new stake in shares of Hertz Global in the second quarter valued at about $295,000. Finally, JPMorgan Chase & Co. grew its stake in Hertz Global by 40.5% in the third quarter. JPMorgan Chase & Co. now owns 19,319 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 5,573 shares during the last quarter.
NYSE:HTZ traded down $0.76 during trading hours on Friday, reaching $15.68. The company had a trading volume of 2,156,394 shares, compared to its average volume of 1,906,010. Hertz Global Holdings, Inc has a 1-year low of $13.01 and a 1-year high of $22.70. The company has a market capitalization of $1.32 billion, a PE ratio of -9.86 and a beta of 1.89. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 13.98.
Hertz Global (NYSE:HTZ) last announced its earnings results on Thursday, November 8th. The transportation company reported $2.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.36. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.68 billion. Hertz Global had a negative return on equity of 2.50% and a net margin of 5.29%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 EPS. Equities research analysts predict that Hertz Global Holdings, Inc will post -0.43 earnings per share for the current fiscal year.
HTZ has been the topic of several analyst reports. ValuEngine upgraded Hertz Global from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Goldman Sachs Group set a $13.00 target price on Hertz Global and gave the company a “sell” rating in a research note on Tuesday, October 16th. Deutsche Bank set a $18.00 price target on Hertz Global and gave the stock a “hold” rating in a research note on Saturday, November 10th. JPMorgan Chase & Co. boosted their price target on Hertz Global from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 14th. Finally, Morgan Stanley set a $15.00 price target on Hertz Global and gave the stock a “sell” rating in a research note on Thursday, December 20th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.00.
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About Hertz Global
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
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