Laurion Capital Management LP acquired a new stake in shares of Hertz Global Holdings, Inc (NYSE:HTZ) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 160,828 shares of the transportation company’s stock, valued at approximately $2,794,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Hertz Global by 108.1% during the 4th quarter. Bank of America Corp DE now owns 337,388 shares of the transportation company’s stock valued at $4,605,000 after acquiring an additional 175,225 shares during the period. Norges Bank purchased a new position in Hertz Global during the 4th quarter valued at $11,049,000. Royce & Associates LP boosted its holdings in Hertz Global by 56.7% during the 4th quarter. Royce & Associates LP now owns 736,400 shares of the transportation company’s stock valued at $10,052,000 after acquiring an additional 266,500 shares during the period. GSA Capital Partners LLP purchased a new position in Hertz Global during the 4th quarter valued at $874,000. Finally, Commonwealth Bank of Australia boosted its holdings in Hertz Global by 22.3% during the 4th quarter. Commonwealth Bank of Australia now owns 228,847 shares of the transportation company’s stock valued at $3,119,000 after acquiring an additional 41,800 shares during the period.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Hertz Global from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, April 17th. Northcoast Research raised Hertz Global from a “neutral” rating to a “buy” rating in a research report on Monday, March 4th. Barclays raised Hertz Global from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $14.00 to $18.00 in a research report on Friday, March 1st. Deutsche Bank lifted their target price on Hertz Global from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday, February 27th. Finally, ValuEngine raised Hertz Global from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.33.

Shares of NYSE HTZ opened at $16.01 on Tuesday. The company has a debt-to-equity ratio of 18.68, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -94.18 and a beta of 1.95. Hertz Global Holdings, Inc has a twelve month low of $13.01 and a twelve month high of $22.37.

Hertz Global (NYSE:HTZ) last issued its earnings results on Monday, May 6th. The transportation company reported ($0.99) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.32) by $0.33. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.12 billion. Hertz Global had a positive return on equity of 3.17% and a negative net margin of 1.78%. Hertz Global’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted ($1.58) EPS. Research analysts expect that Hertz Global Holdings, Inc will post 0.94 earnings per share for the current fiscal year.

In other Hertz Global news, major shareholder Carl C. Icahn sold 5,000,000 shares of Hertz Global stock in a transaction on Monday, March 4th. The stock was sold at an average price of $19.45, for a total transaction of $97,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

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About Hertz Global

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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Institutional Ownership by Quarter for Hertz Global (NYSE:HTZ)

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