Hertz Global Holdings Inc. (NYSE:HTZ) was down 5.2% during mid-day trading on Wednesday . The company traded as low as $41.11 and last traded at $41.77, with a volume of 1,084,227 shares trading hands. The stock had previously closed at $44.08.

A number of equities research analysts have recently issued reports on HTZ shares. Morgan Stanley upgraded Hertz Global Holdings from an “underweight” rating to an “overweight” rating and set a $65.00 target price for the company in a research note on Friday, March 11th. Sterne Agee CRT assumed coverage on Hertz Global Holdings in a research note on Tuesday, March 22nd. They set a “neutral” rating and a $65.00 price objective for the company. Vetr upgraded Hertz Global Holdings from a “buy” rating to a “strong-buy” rating and set a $61.60 price objective for the company in a research note on Wednesday, March 23rd. MKM Partners lowered their price objective on Hertz Global Holdings from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, April 11th. Finally, Deutsche Bank AG restated a “buy” rating and set a $90.00 price objective on shares of Hertz Global Holdings in a research note on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $71.64.

The company has a market cap of $1.23 billion and a price-to-earnings ratio of 4.45. The stock has a 50 day moving average of $43.97 and a 200 day moving average of $43.97.

Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.11. The firm earned $2.31 billion during the quarter, compared to the consensus estimate of $2.39 billion. The business’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts forecast that Hertz Global Holdings Inc. will post $14.55 earnings per share for the current year.

In other news, major shareholder Carl C. Icahn bought 983,929 shares of the stock in a transaction on Friday, June 3rd. The stock was purchased at an average price of $9.90 per share, for a total transaction of $9,740,897.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alexandria Panot Marren bought 10,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were purchased at an average price of $9.90 per share, with a total value of $99,000.00. Following the acquisition, the executive vice president now owns 50,282 shares in the company, valued at approximately $497,791.80. The disclosure for this purchase can be found here.

A number of institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Hertz Global Holdings by 162.7% in the fourth quarter. Principal Financial Group Inc. now owns 76,614 shares of the company’s stock worth $1,090,000 after buying an additional 47,447 shares during the period. PNC Financial Services Group Inc. boosted its position in Hertz Global Holdings by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 81,085 shares of the company’s stock worth $1,154,000 after buying an additional 32,463 shares during the period. Andra AP fonden boosted its position in Hertz Global Holdings by 56.7% in the fourth quarter. Andra AP fonden now owns 84,800 shares of the company’s stock worth $1,207,000 after buying an additional 30,700 shares during the period. Lipe & Dalton boosted its position in Hertz Global Holdings by 11.6% in the fourth quarter. Lipe & Dalton now owns 104,595 shares of the company’s stock worth $1,488,000 after buying an additional 10,875 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Hertz Global Holdings by 0.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 126,916 shares of the company’s stock worth $1,806,000 after buying an additional 1,000 shares during the period.

Hertz Global Holdings, Inc is a holding company. The Company operates car rental business through its Hertz, Dollar, Thrifty and Firefly brands. The Company’s operating segments are U.S. Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations. As of December 31, 2014, the Company operated 10,880 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.