UBS Asset Management Americas Inc. raised its position in Hertz Global Holdings, Inc (NYSE:HTZ) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,731 shares of the transportation company’s stock after purchasing an additional 20,372 shares during the quarter. UBS Asset Management Americas Inc. owned 0.28% of Hertz Global worth $5,210,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of HTZ. Ameriprise Financial Inc. grew its stake in shares of Hertz Global by 3,974.1% in the third quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock worth $28,414,000 after acquiring an additional 1,239,488 shares in the last quarter. 1060 Capital LLC acquired a new position in shares of Hertz Global in the third quarter worth $25,959,000. Silver Point Capital L.P. acquired a new position in shares of Hertz Global in the third quarter worth $13,863,000. State Street Corp grew its stake in shares of Hertz Global by 43.0% in the second quarter. State Street Corp now owns 2,044,213 shares of the transportation company’s stock worth $23,510,000 after acquiring an additional 614,357 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in shares of Hertz Global in the fourth quarter worth $11,614,000.
Hertz Global Holdings, Inc (NYSE:HTZ) opened at $20.39 on Monday. The company has a debt-to-equity ratio of 9.78, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $1,710.00 and a price-to-earnings ratio of 5.18. Hertz Global Holdings, Inc has a 12 month low of $8.52 and a 12 month high of $27.27.
HTZ has been the subject of several research reports. Zacks Investment Research upgraded shares of Hertz Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine upgraded shares of Hertz Global from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Northcoast Research restated a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Macquarie upgraded shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Finally, Goldman Sachs Group dropped their price target on shares of Hertz Global from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.00.
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About Hertz Global
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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