Hertz Global Holdings, Inc (HTZ) Shares Bought by Commonwealth Bank of Australia

Commonwealth Bank of Australia increased its holdings in Hertz Global Holdings, Inc (NYSE:HTZ) by 40.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,971 shares of the transportation company’s stock after acquiring an additional 62,300 shares during the quarter. Commonwealth Bank of Australia owned about 0.26% of Hertz Global Holdings worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Utah Retirement Systems lifted its stake in Hertz Global Holdings by 0.8% in the first quarter. Utah Retirement Systems now owns 13,156 shares of the transportation company’s stock worth $231,000 after acquiring an additional 100 shares during the period. Suntrust Banks Inc. lifted its position in Hertz Global Holdings by 3.5% during the first quarter. Suntrust Banks Inc. now owns 12,822 shares of the transportation company’s stock valued at $224,000 after buying an additional 434 shares during the period. Hosking Partners LLP lifted its position in Hertz Global Holdings by 1.7% during the second quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock valued at $625,000 after buying an additional 932 shares during the period. SG Americas Securities LLC lifted its position in Hertz Global Holdings by 0.9% during the second quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock valued at $1,442,000 after buying an additional 1,144 shares during the period. Finally, M&T Bank Corp lifted its position in Hertz Global Holdings by 18.9% during the first quarter. M&T Bank Corp now owns 21,284 shares of the transportation company’s stock valued at $373,000 after buying an additional 3,380 shares during the period.

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) opened at 23.57 on Tuesday. The company’s market capitalization is $1.97 billion. The company has a 50-day moving average price of $17.81 and a 200 day moving average price of $15.50. Hertz Global Holdings, Inc has a 12-month low of $8.52 and a 12-month high of $51.44.

Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.51. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. On average, equities analysts anticipate that Hertz Global Holdings, Inc will post ($1.60) earnings per share for the current fiscal year.

Several equities analysts have commented on HTZ shares. MKM Partners reissued a “buy” rating and set a $22.00 price objective (down previously from $29.00) on shares of Hertz Global Holdings in a research report on Tuesday, June 6th. Barclays PLC lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $17.34 to $9.00 in a research report on Monday, July 31st. Zacks Investment Research lowered Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BidaskClub raised Hertz Global Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Finally, J P Morgan Chase & Co started coverage on Hertz Global Holdings in a research report on Friday, August 4th. They set a “neutral” rating and a $15.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.57.

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Hertz Global Holdings 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 Holdings (NYSE:HTZ)

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