Herc Holdings Inc., through its subsidiaries, operates as an equipment rental supplier primarily in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. The company also provides ProSolutions, an industry specific solution based services, such as power generation, climate control, remediation and restoration, and studio and production equipment; and ProContractor professional grade tools. In addition, it offers various services, including repair, maintenance, equipment management, and safety training; and equipment re-rental and on-site support services, as well as ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. Further, the company sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, food and beverage, and refineries and petrochemical industries; infrastructure and government sectors; and commercial and retail service, hospitality, healthcare, recreation, entertainment production, and special event management customers. The company sells its products through its sales team and industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. Herc Holdings Inc. was founded in 1965 and is based in Bonita Springs, Florida.
IPO Year: 2016
Exchange: NYSE
Website: ir.hercrentals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/24/2025 | $165.00 | Buy | Citigroup |
| 6/7/2024 | $155.00 | Neutral | JP Morgan |
| 12/4/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 7/21/2023 | $150.00 → $140.00 | Buy → Underperform | BofA Securities |
| 3/11/2022 | $205.00 | Overweight | Wells Fargo |
| 1/21/2022 | $205.00 | Neutral → Buy | Northcoast Research |
| 12/21/2021 | $222.00 → $161.00 | Outperform → Neutral | Robert W. Baird |
| 12/21/2021 | $222.00 → $161.00 | Outperform → Neutral | Baird |
| 10/22/2021 | $175.00 → $225.00 | Overweight | Keybanc |
| 9/28/2021 | $143.00 → $164.00 | Buy | Goldman Sachs |
Midland, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that its Board of Directors has appointed Jean Holley as a Director, effective November 1, 2024. In connection with the appointment, the Company increased the size of its Board from six to seven directors. "We are excited to welcome Jean to NGS's Board of Directors," stated Justin Jacobs, Chief Executive Officer of NGS. "Jean is an accomplished executive with significant expertise across a number of businesses and disciplines which we
Citigroup initiated coverage of Herc Holdings with a rating of Buy and set a new price target of $165.00
JP Morgan initiated coverage of Herc Holdings with a rating of Neutral and set a new price target of $155.00
KeyBanc Capital Markets downgraded Herc Holdings from Overweight to Sector Weight
BofA Securities downgraded Herc Holdings from Buy to Underperform and set a new price target of $140.00 from $150.00 previously
Wells Fargo initiated coverage of Herc Holdings with a rating of Overweight and set a new price target of $205.00
Northcoast Research upgraded Herc Holdings from Neutral to Buy and set a new price target of $205.00
Robert W. Baird downgraded Herc Holdings from Outperform to Neutral and set a new price target of $161.00 from $222.00 previously
Baird downgraded Herc Holdings from Outperform to Neutral and set a new price target of $161.00 from $222.00 previously
Keybanc reiterated coverage of Herc Holdings with a rating of Overweight and set a new price target of $225.00 from $175.00 previously
Goldman Sachs reiterated coverage of Herc Holdings with a rating of Buy and set a new price target of $164.00 from $143.00 previously
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 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the "Merger Agreement"). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on May 13, 2025, has been extended until one minute past 11:59 p.m. Eastern Tim
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 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the "Merger Agreement"). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on April 29, 2025, has been extended until one minute past 11:59 p.m. Eastern T
First Quarter 2025 Highlights Record equipment rental revenue of $739 million, an increase of 3% Record total revenues of $861 million, an increase of 7% Reported net loss of $18 million or $0.63 per share driven primarily by the H&E acquisition transaction costs Adjusted EBITDA of $339 million was flat year-over-year with adjusted EBITDA margin of 39.4% Free cash flow of $49 million for the three months ended March 31, 2025 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, p
Herc Holdings Inc. (NYSE:HRI), one of North America's leading equipment rental suppliers operating through Herc Rentals Inc., today announced that it has earned Great Place To Work® Certification™ in the U.S. and Canada. This is the second year the Company has earned this distinction in each country. Great Place To Work Certification recognizes employers who create an outstanding and consistent employee experience. Receiving this distinguished certification is based on direct feedback collected from current team members through a survey administered by Great Place To Work. "We are especially proud of this distinction because Great Place To Work Certification is based entirely on what curr
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 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the "Merger Agreement"). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on April 15, 2025, has been extended until one minute past 11:59 p.m. Eastern T
Herc Holdings Inc. (NYSE:HRI) today announced it will release its first quarter 2025 financial results on April 22, 2025, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company's results and may discuss or disclose material business, financial, or other information that is not contained in the press release. A live webcast of the event will be available at: https://IR.HercRentals.com, or https://events.q4inc.com/attendee/149927780 The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory
H&E Shareholders to Receive $78.75 in Cash and 0.1287 shares of Herc Common Stock Per H&E Share Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company"), one of North America's leading equipment rental suppliers, today announced that its wholly-owned subsidiary HR Merger Sub Inc. ("Merger Sub") has commenced the 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. The Offer is being made pursuant to the previously announced merger agreement, dated February 19, 2025, between Herc, Me
BATON ROUGE, La., Feb. 21, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted its agreement to be acquired by Herc Holdings Inc. (NYSE:HRI) announced earlier this week, which will bring together two companies with a combined 120 years of industry experience who are committed to customer service and excellence. FOURTH QUARTER 2024 SUMMARY WITH A COMPARISON TO FOURTH QUARTER 2023 Revenues decreased 0.4% to $384.1 million compared to $385.8 million.Net income totaled $32.8 million compared to $53.5 million. The effective i
Acquisition Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Transaction Terms Same as Proposal Previously Announced on February 18, 2025 H&E Terminates Agreement with United Rentals Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company"), one of North America's leading equipment rental suppliers, and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced that H&E has terminated its prior merger agreement with United Rentals, Inc. (NYSE:URI) and that Herc and H&E have entered into a definitive merger agreement under which Herc will acquire H&E. As previously announced on February 18, 2025, under
H&E Deems Herc's $104.89 Per Share Cash and Stock Proposal Superior to United Rentals Transaction Herc Proposal Provides Immediate, Significant Premium for H&E and Substantial Upside Value Creation Opportunity for Both Herc and H&E Shareholders Herc and H&E Combination Expected to Generate Approximately $300 Million of Run Rate EBITDA Opportunities Acquisition Substantially Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Expected to be High Single Digit Accretive to Herc's Cash EPS in 2026 and Ramping to Greater than 20% as Synergies are Fully Realized Expected to Generate ROIC in Excess of Cost of Capital Within Three Yea
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First Quarter 2025 Highlights Record equipment rental revenue of $739 million, an increase of 3% Record total revenues of $861 million, an increase of 7% Reported net loss of $18 million or $0.63 per share driven primarily by the H&E acquisition transaction costs Adjusted EBITDA of $339 million was flat year-over-year with adjusted EBITDA margin of 39.4% Free cash flow of $49 million for the three months ended March 31, 2025 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, p
Herc Holdings Inc. (NYSE:HRI) today announced it will release its first quarter 2025 financial results on April 22, 2025, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company's results and may discuss or disclose material business, financial, or other information that is not contained in the press release. A live webcast of the event will be available at: https://IR.HercRentals.com, or https://events.q4inc.com/attendee/149927780 The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory
BATON ROUGE, La., Feb. 21, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted its agreement to be acquired by Herc Holdings Inc. (NYSE:HRI) announced earlier this week, which will bring together two companies with a combined 120 years of industry experience who are committed to customer service and excellence. FOURTH QUARTER 2024 SUMMARY WITH A COMPARISON TO FOURTH QUARTER 2023 Revenues decreased 0.4% to $384.1 million compared to $385.8 million.Net income totaled $32.8 million compared to $53.5 million. The effective i
Acquisition Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Transaction Terms Same as Proposal Previously Announced on February 18, 2025 H&E Terminates Agreement with United Rentals Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company"), one of North America's leading equipment rental suppliers, and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced that H&E has terminated its prior merger agreement with United Rentals, Inc. (NYSE:URI) and that Herc and H&E have entered into a definitive merger agreement under which Herc will acquire H&E. As previously announced on February 18, 2025, under
H&E Deems Herc's $104.89 Per Share Cash and Stock Proposal Superior to United Rentals Transaction Herc Proposal Provides Immediate, Significant Premium for H&E and Substantial Upside Value Creation Opportunity for Both Herc and H&E Shareholders Herc and H&E Combination Expected to Generate Approximately $300 Million of Run Rate EBITDA Opportunities Acquisition Substantially Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Expected to be High Single Digit Accretive to Herc's Cash EPS in 2026 and Ramping to Greater than 20% as Synergies are Fully Realized Expected to Generate ROIC in Excess of Cost of Capital Within Three Yea
Fourth Quarter 2024 Highlights Record equipment rental revenue of $839 million, an increase of 12% Record total revenues of $951 million, an increase of 14% Rental pricing increased 2.1% year-over-year Reported net loss of $46 million or $1.62 per share driven by loss on Cinelease assets held for sale Adjusted net income of $102 million or $3.58 per diluted share, an 11% increase Adjusted EBITDA of $438 million increased 15%; adjusted EBITDA margin of 46.1% Full Year 2024 Highlights Record equipment rental revenue of $3,189 million, an increase of 11% Record total revenues of $3,568 million, an increase of 9% Rental pricing increased 3.2% year-over-year Repo
Herc Holdings, Inc. (NYSE:HRI), one of North America's leading equipment rental suppliers, today announced that its Board of Directors has increased the Company's quarterly dividend by $0.035 per share, or 5%, to $0.70 per share. The dividend is payable March 4, 2025, to shareholders of record as of February 18, 2025. At the new rate, the indicated dividend on an annual basis is $2.80 per share compared to the previous rate of $2.66 per share. "We are pleased to start 2025 with a 5% increase in our quarterly dividend," said Larry Silber, president and chief executive officer. "We remain confident in our strategy and disciplined approach to growth and our ability to generate sustainabl
Herc Holdings Inc. (NYSE:HRI) today announced it will release its fourth quarter and full year 2024 financial results on February 13, 2025, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company's results and may discuss or disclose material business, financial, or other information that is not contained in the press release. A live webcast of the event will be available at: https://IR.HercRentals.com, or https://events.q4inc.com/attendee/852138381 The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registr
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 $0.665 per share. The dividend is payable December 27, 2024, to shareholders of record as of December 16, 2024. 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 429 locations across North America, and 2023 total revenues were approximately $3.3 billion. We offer products and services aimed at helping customers work more efficiently, effectively, and safely. Our classic fleet includes aerial, earthmov
Third Quarter 2024 Highlights Record equipment rental revenue of $866 million, an increase of 13% Record total revenues of $965 million, an increase of 6% Rental pricing increased 2.3% year-over-year M&A and greenfield openings offset impact from decelerating local-market revenue growth Net income increased 8% to $122 million, or $4.28 per diluted share Adjusted EBITDA of $446 million increased 9%; adjusted EBITDA margin of 46.2% Free cash flow of $218 million for the nine months ended September 30, 2024 Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended September 30, 2024. "In the third quarter, we signif
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