State Board of Administration of Florida Retirement System lowered its holdings in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,319 shares of the transportation company’s stock after selling 860 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Hertz Global were worth $631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HTZ. Norges Bank acquired a new stake in shares of Hertz Global during the fourth quarter worth about $11,049,000. Royce & Associates LP raised its position in Hertz Global by 56.7% in the 4th quarter. Royce & Associates LP now owns 736,400 shares of the transportation company’s stock valued at $10,052,000 after buying an additional 266,500 shares during the last quarter. Bank of America Corp DE raised its position in Hertz Global by 108.1% in 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 buying an additional 175,225 shares during the last quarter. Squarepoint Ops LLC raised its position in Hertz Global by 783.9% in the 4th quarter. Squarepoint Ops LLC now owns 185,753 shares of the transportation company’s stock valued at $2,536,000 after buying an additional 164,739 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Hertz Global by 253.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 229,200 shares of the transportation company’s stock valued at $3,128,000 after buying an additional 164,308 shares during the last quarter.

A number of equities research analysts recently issued reports on HTZ shares. Zacks Investment Research raised Hertz Global from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, April 10th. Deutsche Bank boosted their price target on Hertz Global from $18.00 to $21.00 and gave the stock a “hold” rating in a research report on Wednesday, February 27th. Northcoast Research raised Hertz Global from a “neutral” rating to a “buy” rating in a research report on Monday, March 4th. ValuEngine raised Hertz Global from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, Barclays raised Hertz Global from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $14.00 to $18.00 in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hertz Global currently has a consensus rating of “Hold” and an average target price of $18.33.

Hertz Global stock opened at $14.14 on Tuesday. Hertz Global Holdings, Inc has a one year low of $13.01 and a one year high of $22.37. 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 capitalization of $1.18 billion, a PE ratio of 34.32 and a beta of 2.07.

Hertz Global (NYSE:HTZ) last posted its quarterly earnings data on Monday, May 6th. The transportation company reported ($0.99) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.32) by $0.33. The company 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%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned ($1.58) earnings per share. Analysts anticipate that Hertz Global Holdings, Inc will post 0.94 EPS for the current fiscal year.

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Hertz Global Profile

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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