SEC Filing Coverage: Mario Gabelli’s Gamco Investors, Inc Et Al Just Opened Huge Herc Holdings Inc Position

SEC Filing Coverage: Mario Gabelli's Gamco Investors, Inc Et Al Just Opened Huge Herc Holdings Inc Position

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Herc Holdings Inc

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Herc Holdings Inc. The form can be accessed here: 000080724916000458. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 9.4% or 2,659,853 shares of the Transports–company.

Herc Holdings Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 7, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Herc Holdings Inc Institutional Sentiment

Latest Security and Exchange filings show 336 investors own Herc Holdings Inc. The institutional ownership in Q3 2015 is very high, at 528.94% of the outstanding shares. This is decreased by 694699 the total institutional shares. 449495615 were the shares owned by these institutional investors. In total 46 funds opened new Herc Holdings Inc stakes, 122 increased stakes. There were 64 that closed positions and 118 reduced them.

9 managers had the stock in their top Ten. Notable investors are: United Capital Financial Advisers Llc, Mountain Lake Investment Management Llc, Srs Investment Management Llc, Twin Securities Inc., Wexford Capital Lp, Chesapeake Partners Management Co Inc Md..

First Republic Investment Management Inc is an institutional investor bullish on Herc Holdings Inc, owning 58492 shares as of Q3 2015 for 0.01% of its portfolio. Cohen Capital Management Inc owns 175711 shares or 0.88% of its portfolio. NY Bbr Partners Llc have 0.02% of their stock portfolio for 10000 shares. Further, Berkshire Asset Management Llc reported stake worth 0.04% of its US stock portfolio. The NJ Advisors Capital Management Llc owns 94193 shares. Herc Holdings Inc is 0.17% of the manager’s US portfolio.

Business Profile

Herc Holdings Inc. is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. It operates through its Herc Rentals Inc. subsidiary. Its equipment rental business is supported by ProSolutions, its industry-specific solutions-based services, and its ProContractor Tools line. The ProContractor equipment line includes a range of tools, such as air compressors and tool, climate control, plumbing, care and surface preparation. The ProSolutions Industrial Services is a global operation providing an industrial line of products and services, including mobile tool rooms and asset management systems.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.42 in 2016 Q2. Its down 0.79, from 1.21 in 2016Q1. The ratio dropped, as 136 funds sold all Hertz Global Holdings, Inc shares owned while 77 reduced positions. 29 funds bought stakes while 61 increased positions. They now own 262.25 million shares or 33.32% less from 393.29 million shares in 2016Q1.

Westpac Corporation owns 128,000 shares or 0% of their US portfolio. Redwood Capital Mgmt Limited Com, a New Jersey-based fund reported 1.63 million shares. Iridian Asset Limited Ct last reported 14.99 million shares in the company. Tocqueville Asset Management L P has 574,010 shares for 0.08% of their US portfolio. Qs Invsts Ltd Liability Company accumulated 0% or 68 shares. Wells Fargo And Comm Mn has 0% invested in the company for 304,796 shares. Cibc Asset Management holds 0% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ) for 19,125 shares. General Amer Investors holds 945,064 shares or 1.09% of its portfolio. Gabelli Funds Limited Liability holds 0.16% or 2.46 million shares in its portfolio. Canada Pension Plan Inv Board accumulated 0.04% or 869,342 shares. Ubs Asset Mngmt Americas owns 550,700 shares or 0.01% of their US portfolio. Commonwealth Equity Svcs accumulated 50,671 shares or 0% of the stock. Prentiss Smith, a Vermont-based fund reported 180 shares. Pacad Limited, a British Columbia – Canada-based fund reported 39,712 shares. Lpl Limited Co holds 15,267 shares or 0% of its portfolio.

Insider Transactions: Since May 13, 2016, the stock had 7 insider purchases, and 0 sales for $11.66 million net activity. 983,929 shares were bought by ICAHN CARL C, worth $9.74 million. Another trade for 10,000 shares valued at $98,963 was bought by Marren Alexandria Panot. Shares for $49,410 were bought by Browning James H on Friday, August 12. Kennedy Thomas C bought $310,400 worth of Hertz Global Holdings, Inc (NYSE:HTZ) on Friday, May 13. On Thursday, June 2 Best Tyler bought $451,080 worth of the stock or 45,000 shares. The insider Foland Jeffrey T. bought 65,000 shares worth $495,950. $517,352 worth of shares were bought by TAGUE JOHN P on Friday, May 13.

Analysts await Hertz Global Holdings, Inc (NYSE:HTZ) to report earnings on November, 14. HTZ’s profit will be $258.41 million for 3.05 P/E if the $2.95 EPS becomes a reality. After $0.41 actual EPS reported by Hertz Global Holdings, Inc for the previous quarter, Wall Street now forecasts 619.51% EPS growth.

About 161,538 shares traded hands. Hertz Global Holdings, Inc (NYSE:HTZ) has risen 6.00% since September 11, 2016 and is uptrending. It has underperformed by 3.32% the S&P500.

Hertz Global Holdings, Inc (NYSE:HTZ) Ratings Coverage

Out of 8 analysts covering Hertz Global Holdings Inc. (NYSE:HTZ), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. $68 is the highest target while $12 is the lowest. The $36 average target is 0.11% above today’s ($35.96) stock price. Hertz Global Holdings Inc. has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet to “Sell” on Tuesday, July 21. The firm has “Buy” rating given on Thursday, August 13 by Goldman Sachs. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 13. The stock of Hertz Global Holdings, Inc (NYSE:HTZ) earned “Neutral” rating by Macquarie Research on Friday, August 26. Morgan Stanley upgraded it to “Overweight” rating and $13 target price in Friday, March 11 report. The rating was downgraded by Morgan Stanley on Thursday, July 23 to “Underweight”. As per Wednesday, August 10, the company rating was maintained by Deutsche Bank. The stock of Hertz Global Holdings, Inc (NYSE:HTZ) has “Neutral” rating given on Tuesday, April 12 by Credit Suisse. The stock has “Outperform” rating given by Credit Suisse on Wednesday, March 2. The company was downgraded on Friday, October 23 by TheStreet.

More notable recent Hertz Global Holdings, Inc (NYSE:HTZ) news were published by: Prnewswire.com which released: “Hertz Global Holdings, Reports Second Quarter 2016 Financial Results” on August 08, 2016, also Prnewswire.com with their article: “Hertz Global Holdings Announces Pricing of €225 Million Private Offering of …” published on September 14, 2016, Prnewswire.com published: “Hertz Global Holdings Announces Pricing of $800 Million Private Offering of …” on September 08, 2016. More interesting news about Hertz Global Holdings, Inc (NYSE:HTZ) were released by: Fool.com and their article: “Why Hertz Global Holdings Inc. Slumped Today” published on April 11, 2016 as well as Prnewswire.com‘s news article titled: “Hertz Global Holdings Receives $2 Billion Proceeds From Separation of …” with publication date: June 30, 2016.

According to Zacks Investment Research, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States.”

HTZ Company Profile

Herc Holdings Inc., incorporated on July 15, 2005, is an equipment rental supplier. The Firm operates approximately 280 branches, of which approximately 270 are in the United States and Canada. The Firm supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The Firm operates through its Herc Rentals Inc. subsidiary.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment