Herc Holdings (HRI)

• Market cap: $6.18B
• 1 day: -2.08%
• 5 days: -6.73%
• 1 month: 28.40%
• 3 months: 64.21%
• 6 months: 39.21%
• Year to date: 47.14%
• 1 year: 72.04%
• 5 years: 337.18%
• 10 years: 30.89%
• Sector: Industrials
• Industry: Miscellaneous Equipment Rental & Leasing

About: Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest 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' strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.

Employees: 7,200

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

194% more call options, than puts

Call options by funds: $11.9M | Put options by funds: $4.07M

16% more repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 96

0.62% more ownership

Funds ownership: 93.27% [Q1] → 93.89% (+0.62%) [Q2]

0% more funds holding

Funds holding: 276 [Q1] → 276 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 41

20% less capital invested

Capital invested by funds: $4.43B [Q1] → $3.54B (-$884M) [Q2]

38% less funds holding in top 10

Funds holding in top 10: 8 [Q1] → 5 (-3) [Q2]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $200 8% downside
• Avg. target: $224 3% upside
• High target: $250 15% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Goldman Sachs Jerry Revich 67% 1-year accuracy 16 / 24 met price target	6% downside $204	Buy Maintained	23 Oct 2024
Barclays Adam Seiden 69% 1-year accuracy 11 / 16 met price target	15% upside $250	Overweight Maintained	23 Oct 2024
JP Morgan Tami Zakaria 69% 1-year accuracy 20 / 29 met price target	10% upside $240	Neutral Maintained	23 Oct 2024
JP Morgan Tami Zakaria 69% 1-year accuracy 20 / 29 met price target	8% downside $200	Neutral Maintained	14 Oct 2024