Herc Holdings (HRI)

• Market cap: $5.32B
• 1 day: 1.98%
• 5 days: -10.14%
• 1 month: -12.24%
• 3 months: 20.57%
• 6 months: 40.04%
• Year to date: 26.70%
• 1 year: 29.46%
• 5 years: 273.99%
• 10 years: 12.71%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

93% more call options, than puts

Call options by funds: $14.2M | Put options by funds: $7.38M

18% more capital invested

Capital invested by funds: $3.54B [Q2] → $4.18B (+$637M) [Q3]

14% more repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 97

2% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 42

0% more funds holding

Funds holding: 276 [Q2] → 277 (+1) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]

1.39% less ownership

Funds ownership: 93.89% [Q2] → 92.5% (-1.39%) [Q3]

Research analyst outlook

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

• Low target: $234 25% upside
• Avg. target: $241 29% upside
• High target: $250 33% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Goldman Sachs Jerry Revich 53% 1-year accuracy 20 / 38 met price target	25% upside $234	Buy Maintained	12 Dec 2024
Barclays Adam Seiden 63% 1-year accuracy 12 / 19 met price target	33% upside $250	Overweight Maintained	23 Oct 2024
JP Morgan Tami Zakaria 55% 1-year accuracy 17 / 31 met price target	28% upside $240	Neutral Maintained	23 Oct 2024