Herc Holdings
About: Herc Holdings Inc is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.4 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' prepares now to incorporate long-term rentals to industrial customers where Herc maintains its own staff at the customer site.
Employees: 7,600
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
236% more call options, than puts
Call options by funds: $17.6M | Put options by funds: $5.23M
105% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 37
24% more capital invested
Capital invested by funds: $4.19B [Q3] → $5.2B (+$1.01B) [Q4]
12% more funds holding
Funds holding: 279 [Q3] → 313 (+34) [Q4]
3.95% more ownership
Funds ownership: 92.76% [Q3] → 96.71% (+3.95%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 6 [Q3] → 6 (+0) [Q4]
6% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 108
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$110
20%
downside
Avg. target
$139
1%
upside
High target
$160
17%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Barclays Adam Seiden 47% 1-year accuracy 9 / 19 met price target | 17%upside $160 | Overweight Maintained | 24 Apr 2025 |
Goldman Sachs Jerry Revich 18% 1-year accuracy 2 / 11 met price target | 6%upside $146 | Buy Maintained | 23 Apr 2025 |
Baird Mircea Dobre 76% 1-year accuracy 13 / 17 met price target | 20%downside $110 | Neutral Maintained | 23 Apr 2025 |
JP Morgan Tami Zakaria 49% 1-year accuracy 17 / 35 met price target | 2%upside $140 | Neutral Maintained | 14 Apr 2025 |
Citigroup Kyle Menges 59% 1-year accuracy 26 / 44 met price target | 2%upside $140 | Buy Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 12 articles about HRI published over the past 30 days
Neutral
Business Wire
10 hours ago
Herc Holdings Inc. Declares Regular Quarterly Dividend of $0.70 per share
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI), one of North America's leading equipment rental suppliers, today announced that its Board of Directors has declared the Company's quarterly dividend of $0.70 per share. The dividend is payable June 13, 2025, to shareholders of record as of May 30, 2025. About Herc Holdings Inc. Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 453 locations acros.
Neutral
Business Wire
1 day ago
Herc Holdings Announces Pricing of $2.75 Billion of Senior Unsecured Notes Offering
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc” or the “Company”) today announced today announced that it has priced $1,650 million aggregate principal amount of 7.000% senior unsecured notes due 2030 (the “2030 notes”) and $1,100 million aggregate principal amount of 7.250% senior unsecured notes due 2033 (the “2033 notes” and, together with the 2030 notes, the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the Securit.
Neutral
Business Wire
1 day ago
Herc Holdings Announces Proposed Private Offering of Senior Unsecured Notes
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc” or the “Company”) today announced that its wholly owned subsidiary, Herc Holdings Escrow, Inc. (the “Escrow Issuer”), intends to offer $2,750 million aggregate principal amount of senior unsecured notes due 2030 and senior unsecured notes due 2033 (together, the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), su.
Neutral
Business Wire
1 day ago
Herc Holdings Announces Expiration of HSR Act Waiting Period for Planned Acquisition of H&E Equipment Services
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc” or “the Company”), one of North America's leading equipment rental suppliers, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with the previously announced agreement for the Company to acquire H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”). In addition, the Company announced that the Securities a.
Neutral
Business Wire
1 week ago
Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc” or “the Company”) announced today that it has extended its previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 1.
Neutral
Business Wire
2 weeks ago
Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc” or “the Company”) announced today that it has extended its previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 1.
Negative
Seeking Alpha
2 weeks ago
Herc Holdings: Rising Leverage And Local Account Weakness Signal Caution For 2025
Herc Holdings' national account segment continues to show strength due to healthy project activity, but local account weakness is expected to impact overall volume growth in 2025. Margins are expected to be pressured by weak local volumes and an unfavorable mix. The upcoming H&E transaction, while beneficial long-term, will increase debt and interest expenses, further straining the company's bottom line and valuation.
Neutral
Seeking Alpha
3 weeks ago
Herc Holdings, Inc. (HRI) Q1 2025 Earnings Conference Call Transcript
Herc Holdings, Inc. (NYSE:HRI ) Q1 2025 Earnings Conference Call April 22, 2025 8:30 AM ET Company Participants Leslie Hunziker - Head, IR Larry Silber - President and CEO Aaron Birnbaum - SVP & COO Mark Humphrey - SVP & CFO Conference Call Participants Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Tami Zakaria - JPMorgan Steven Ramsey - Thompson Research Group Kyle Menges - Citigroup Ken Newman - KeyBanc Capital Markets Mig Dobre - Baird Operator Hello and welcome to the Herc Holdings Q1 Earnings Call and Webcast. All lines have been placed on mute to prevent any background noise.
Negative
Zacks Investment Research
3 weeks ago
Herc Holdings (HRI) Q1 Earnings Lag Estimates
Herc Holdings (HRI) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.36 per share a year ago.
Neutral
Business Wire
3 weeks ago
Herc Holdings Reports First Quarter 2025 Results and Affirms 2025 Full Year Guidance
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended March 31, 2025. “As expected, the 2025 operating landscape continues to be a tale of two disparate economic trends,” said Larry Silber, president and chief executive officer. “Our national account business is growing, fueled by federal and private funding for large construction projects like data centers, manufacturing onshoring and LNG.
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