Allianz Asset Management GmbH Acquires 15,267 Shares of Hertz Global Holdings Inc (HRI)
Allianz Asset Management GmbH increased its holdings in Hertz Global Holdings Inc (NYSE:HRI) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,916 shares of the transportation company’s stock after buying an additional 15,267 shares during the period. Allianz Asset Management GmbH’s holdings in Hertz Global were worth $8,635,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of HRI. SG Capital Management LLC raised its stake in Hertz Global by 283.6% in the fourth quarter. SG Capital Management LLC now owns 340,264 shares of the transportation company’s stock worth $21,304,000 after buying an additional 251,552 shares in the last quarter. Hood River Capital Management LLC bought a new position in Hertz Global in the fourth quarter worth approximately $13,038,000. State Street Corp raised its stake in Hertz Global by 43.0% in the second quarter. State Street Corp now owns 503,537 shares of the transportation company’s stock worth $19,799,000 after buying an additional 151,386 shares in the last quarter. Frontier Capital Management Co. LLC bought a new position in Hertz Global in the fourth quarter worth approximately $9,455,000. Finally, GSA Capital Partners LLP raised its stake in Hertz Global by 171.9% in the third quarter. GSA Capital Partners LLP now owns 87,444 shares of the transportation company’s stock worth $4,296,000 after buying an additional 55,289 shares in the last quarter. 96.47% of the stock is owned by institutional investors.
A number of equities analysts recently commented on HRI shares. KeyCorp reissued a “buy” rating and issued a $68.00 price objective on shares of Hertz Global in a research note on Monday, December 18th. Royal Bank of Canada started coverage on shares of Hertz Global in a research note on Friday, February 2nd. They issued an “outperform” rating and a $79.00 price objective for the company. Barclays started coverage on shares of Hertz Global in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $70.00 price objective for the company. Buckingham Research started coverage on Hertz Global in a research report on Tuesday, November 21st. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Hertz Global currently has a consensus rating of “Hold” and a consensus price target of $57.00.
Hertz Global (NYSE:HRI) last issued its quarterly earnings results on Wednesday, February 28th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The business had revenue of $491.70 million for the quarter, compared to analyst estimates of $447.86 million. Hertz Global had a negative return on equity of 0.88% and a net margin of 9.14%. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.49) earnings per share. equities research analysts anticipate that Hertz Global Holdings Inc will post 0.92 EPS for the current year.
Hertz Global Profile
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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