Herc Holdings Inc (HTZ) Stock Price Up 3.2%
Shares of Herc Holdings Inc (NYSE:HTZ) rose 3.2% during mid-day trading on Friday . The company traded as high as $46.91 and last traded at $46.78, with a volume of 1,451,055 shares changing hands. The stock had previously closed at $45.35.
Several analysts have commented on HTZ shares. MKM Partners upped their price objective on Herc Holdings from $16.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 1st. Vetr downgraded Herc Holdings from a “strong-buy” rating to a “buy” rating and set a $54.25 price objective for the company. in a research note on Tuesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating and set a $80.00 price objective (down from $90.00) on shares of Herc Holdings in a research note on Thursday, May 5th. Morgan Stanley reaffirmed a “buy” rating and set a $65.00 price objective on shares of Herc Holdings in a research note on Wednesday, June 15th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Herc Holdings in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $64.60.
The stock has a 50-day moving average price of $48.07 and a 200 day moving average price of $48.07. The firm has a market capitalization of $3.98 billion and a price-to-earnings ratio of 98.48.
Herc Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The company earned $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $0.80 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts anticipate that Herc Holdings Inc will post $3.05 earnings per share for the current year.
In other news, major shareholder Carl C. Icahn purchased 983,929 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was acquired at an average cost of $9.90 per share, for a total transaction of $9,740,897.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Tyler Best purchased 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average price of $10.02 per share, with a total value of $450,900.00. Following the completion of the purchase, the vice president now directly owns 72,450 shares of the company’s stock, valued at approximately $725,949. The disclosure for this purchase can be found here.
A number of institutional investors have recently bought and sold shares of HTZ. Jennison Associates LLC increased its position in Herc Holdings by 26.1% in the fourth quarter. Jennison Associates LLC now owns 6,528,007 shares of the company’s stock worth $92,894,000 after buying an additional 1,352,224 shares during the period. Dimensional Fund Advisors LP increased its position 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 worth $72,168,000 after buying an additional 1,248,726 shares during the period. Marshall Wace LLP increased its position in Herc Holdings by 990.7% in the fourth quarter. Marshall Wace LLP now owns 583,296 shares of the company’s stock worth $8,300,000 after buying an additional 529,818 shares during the period. Russell Frank Co increased its position in Herc Holdings by 457.6% in the fourth quarter. Russell Frank Co now owns 168,678 shares of the company’s stock worth $2,370,000 after buying an additional 138,425 shares during the period. Finally, Andra AP fonden increased its position in Herc 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.
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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