TIAA CREF Investment Management LLC Has $2.85 Million Stake in Hertz Global Holdings, Inc (HTZ)

TIAA CREF Investment Management LLC lowered its position in Hertz Global Holdings, Inc (NYSE:HTZ) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 247,976 shares of the transportation company’s stock after selling 25,128 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.30% of Hertz Global Holdings worth $2,852,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Hertz Global Holdings by 146.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after buying an additional 5,900 shares during the last quarter. Karp Capital Management Corp bought a new stake in Hertz Global Holdings in the first quarter valued at approximately $211,000. Utah Retirement Systems increased its stake in shares of Hertz Global Holdings by 0.8% during the first quarter. Utah Retirement Systems now owns 13,156 shares of the transportation company’s stock valued at $231,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Hertz Global Holdings by 162.6% during the first quarter. Envestnet Asset Management Inc. now owns 13,536 shares of the transportation company’s stock valued at $237,000 after buying an additional 8,382 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Hertz Global Holdings by 127.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 13,943 shares of the transportation company’s stock valued at $245,000 after buying an additional 7,823 shares during the period.

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A number of research analysts have recently issued reports on the company. BidaskClub downgraded Hertz Global Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. MKM Partners reissued a “buy” rating and issued a $22.00 target price on shares of Hertz Global Holdings in a report on Thursday, August 10th. Zacks Investment Research raised Hertz Global Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, October 17th. Deutsche Bank AG set a $14.00 target price on Hertz Global Holdings and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co began coverage on Hertz Global Holdings in a research report on Friday, August 4th. They set a “neutral” rating and a $15.00 target price for the company. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.43.

In other news, SVP Robin Kramer sold 3,524 shares of Hertz Global Holdings stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.33% of the company’s stock.

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) traded down $0.45 during midday trading on Friday, reaching $19.56. The company’s stock had a trading volume of 20,201,400 shares, compared to its average volume of 6,236,420. The company has a debt-to-equity ratio of 22.23, a current ratio of 1.58 and a quick ratio of 1.58. Hertz Global Holdings, Inc has a 1-year low of $8.52 and a 1-year high of $28.96.

Hertz Global Holdings (NYSE:HTZ) last issued its earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.09. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. Hertz Global Holdings had a negative return on equity of 13.86% and a negative net margin of 8.35%. Hertz Global Holdings’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. research analysts expect that Hertz Global Holdings, Inc will post -1.11 earnings per share for the current fiscal year.

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.

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

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