Herc Holdings Inc (HTZ) Shares Up 3.1%
Herc Holdings Inc (NYSE:HTZ)’s share price shot up 3.1% during trading on Thursday . The stock traded as high as $51.60 and last traded at $51.12, with a volume of 737,857 shares. The stock had previously closed at $49.56.
Several research firms recently commented on HTZ. Deutsche Bank AG reissued a “buy” rating and set a $80.00 price target (down from $90.00) on shares of Herc Holdings in a research report on Thursday, May 5th. Vetr lowered Herc Holdings from a “strong-buy” rating to a “buy” rating and set a $54.25 price target on the stock. in a research report on Tuesday, May 31st. Zacks Investment Research lowered Herc Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 3rd. Credit Suisse Group AG reissued a “hold” rating on shares of Herc Holdings in a research report on Tuesday, May 10th. Finally, Morgan Stanley reissued a “buy” rating and set a $65.00 price target on shares of Herc Holdings in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $64.60.
The stock has a market capitalization of $4.33 billion and a price-to-earnings ratio of 107.37. The firm’s 50 day moving average price is $48.36 and its 200 day moving average price is $48.36.
Herc Holdings (NYSE:HTZ) last issued its earnings results on Monday, August 8th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.12. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business earned $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Herc Holdings’s revenue was down 2.0% on a year-over-year basis. Analysts predict that Herc Holdings Inc will post $3.02 earnings per share for the current fiscal year.
In related news, EVP Alexandria Panot Marren purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was bought at an average price of $9.90 per share, for a total transaction of $99,000.00. Following the purchase, the executive vice president now owns 50,282 shares in the company, valued at approximately $497,791.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carl C. Icahn purchased 983,929 shares of the firm’s stock in a transaction dated Friday, June 3rd. The shares were bought at an average price of $9.90 per share, with a total value of $9,740,897.10. The disclosure for this purchase can be found here.
Several hedge funds recently added to or reduced their stakes in HTZ. Jennison Associates LLC increased its stake in Herc Holdings by 26.1% in the fourth quarter. Jennison Associates LLC now owns 6,528,007 shares of the company’s stock valued at $92,894,000 after buying an additional 1,352,224 shares during the period. Dimensional Fund Advisors LP increased its stake in Herc Holdings by 32.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,072,022 shares of the company’s stock valued at $72,168,000 after buying an additional 1,248,726 shares during the period. Finally, Andra AP fonden increased its stake in Herc Holdings by 56.7% in the fourth quarter. Andra AP fonden now owns 84,800 shares of the company’s stock valued at $1,207,000 after buying an additional 30,700 shares during the period.
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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