Pitcairn Co. increased its stake in Herc Holdings Inc (NYSE:HTZ) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,363 shares of the company’s stock after buying an additional 531 shares during the period. Pitcairn Co.’s holdings in Herc Holdings were worth $159,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Herc Holdings during the fourth quarter valued at about $56,391,000. Teachers Advisors Inc. raised its position in Herc Holdings by 127.0% in the first quarter. Teachers Advisors Inc. now owns 4,036,686 shares of the company’s stock valued at $42,506,000 after buying an additional 2,258,092 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Herc Holdings by 28.7% in the first quarter. TIAA CREF Investment Management LLC now owns 8,407,835 shares of the company’s stock valued at $88,535,000 after buying an additional 1,876,771 shares during the last quarter. Renaissance Technologies LLC bought a new position in Herc Holdings during the first quarter valued at about $19,293,000. Finally, HBK Investments L P raised its position in Herc Holdings by 349.0% in the first quarter. HBK Investments L P now owns 2,188,400 shares of the company’s stock valued at $23,044,000 after buying an additional 1,701,000 shares during the last quarter.
Shares of Herc Holdings Inc (NYSE:HTZ) traded up 3.51% during midday trading on Friday, hitting $40.16. The stock had a trading volume of 1,797,623 shares. The company’s 50 day moving average is $48.22 and its 200 day moving average is $48.17. Herc Holdings Inc has a 52 week low of $38.43 and a 52 week high of $53.14. The firm has a market cap of $3.41 billion, a P/E ratio of 5.02 and a beta of 2.43.
Herc Holdings (NYSE:HTZ) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The firm earned $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business earned $0.80 EPS. Herc Holdings’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Herc Holdings Inc will post $2.98 earnings per share for the current fiscal year.
Several brokerages recently issued reports on HTZ. Deutsche Bank AG boosted their price objective on Herc Holdings from $16.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, July 1st. Northcoast Research reiterated a “buy” rating on shares of Herc Holdings in a research report on Tuesday, July 12th. Barclays PLC began coverage on Herc Holdings in a research report on Tuesday. They issued an “equal weight” rating and a $52.00 price objective for the company. Macquarie began coverage on Herc Holdings in a research report on Thursday, August 25th. They issued a “neutral” rating and a $56.00 price objective for the company. Finally, Morgan Stanley began coverage on Herc Holdings in a research report on Tuesday, September 6th. They issued an “overweight” rating and a $57.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $61.48.
About Herc Holdings
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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