Herc HoldingsHRI
Market Cap: $3.75B
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
0.58% more ownership
Funds ownership: 92.07% [Q1] → 92.65% (+0.58%) [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: $4.37B [Q1] → $3.49B (-$874M) [Q2]
38% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 5 (-3) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Baird Mircea Dobre 31% 1-year accuracy 4 / 13 met price target | 17%upside $155 | Neutral Maintained | 23 Jul 2024 |
Baird Mircea Dobre 31% 1-year accuracy 4 / 13 met price target | 17%upside $155 | Neutral Maintained | 9 Jul 2024 |
Financial journalist opinion
Based on 3 articles about HRI published over the past 30 days