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 |
|---|---|---|---|
| 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 |
| 9/28/2021 | $135.00 → $200.00 | Overweight | Barclays |
10-Q - HERC HOLDINGS INC (0001364479) (Filer)
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8-K - HERC HOLDINGS INC (0001364479) (Filer)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
10-Q - HERC HOLDINGS INC (0001364479) (Filer)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
10-Q - HERC HOLDINGS INC (0001364479) (Filer)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
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
Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or "the Company"), a leader in the equipment rental industry, today announced that Larry Silber, president and chief executive officer, Aaron Birnbaum, senior vice president and chief operating officer, and Mark Humphrey, senior vice president and chief financial officer, will participate in the Baird 2024 Global Industrial Conference in Chicago, Illinois on Tuesday, November 12, 2024. A fireside chat discussion and simultaneous audio webcast will take place on that day, at 1:45 PM CT (2:45 PM ET). A live audio webcast of the fireside chat will be available at: https://wsw.com/webcast/baird74/hri/1762695 Investors may also access the webcast
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
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
Herc Holdings Inc. (NYSE:HRI) today announced it will release third quarter 2024 financial results on October 22, 2024, 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/845332700. The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory/
Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or "the Company"), a leader in the equipment rental industry, today announced that Larry Silber, president and chief executive officer, and Mark Humphrey, senior vice president and chief financial officer, will participate in the Morgan Stanley 12th Annual Laguna Conference in Laguna Niguel, CA. A fireside chat discussion and simultaneous webcast will take place on Wednesday, September 11, 2024, at 11:40 AM PDT (2:40 PM EDT). A live webcast of the fireside chat will be available at: https://bit.ly/3ABMRID Investors may also access the webcast from the Company's investor relations events and presentation page at https://ir.hercrentals.com.
Herc Holdings Inc. (NYSE:HRI), one of North America's leading equipment rental suppliers operating through Herc Rentals Inc. ("Herc Rentals" or "the Company"), today released its 2024 Corporate Citizenship Report, highlighting the Company's progress on its sustainability initiatives. Herc Rentals' seventh annual report highlights the Company's commitment to progressing its environmental, social and governance priorities, while also building long-term value for its stakeholders. "Our commitment to integrating sustainable and socially responsible practices across our operations and our supplier and customer relationships is evident throughout our business," said Herc Rentals President and C
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 September 6, 2024, to shareholders of record as of August 23, 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 428 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, earthmovin
Second Quarter 2024 Highlights – Record equipment rental revenue of $765 million, an increase of 9% – Record total revenues of $848 million, an increase of 6% – Rental pricing increased 3.5% year-over-year – M&A and greenfield openings offset impact from decelerating local-market revenue growth – Net income decreased 8% to $70 million, or $2.46 per diluted share – Adjusted EBITDA of $360 million increased 2%; adjusted EBITDA margin of 42.5% – Free cash flow of $148 million for the six months ended June 30, 2024 Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended June 30, 2024. "In the second quarter, we benefited from
Herc Holdings Inc. (NYSE:HRI) today announced it will release second quarter 2024 financial results on July 23, 2024, 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/200830725 The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory/
Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or the "Company") today announced that it has priced $800 million aggregate principal amount of 6.625% senior unsecured notes due 2029 (the "notes") in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The size of the offering was increased by $300 million from the previously announced total offering size of $500 million. The closing of the offering is expected to occur on or about June 7, 2024, subject to customary closing conditions. The notes will be senior unsecured obligations of the Company, and interest will be payable semi-annually in arrears. The notes will
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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
Herc Holdings Inc. (NYSE:HRI) today announced it will release third quarter 2024 financial results on October 22, 2024, 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/845332700. The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory/
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 September 6, 2024, to shareholders of record as of August 23, 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 428 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, earthmovin
Second Quarter 2024 Highlights – Record equipment rental revenue of $765 million, an increase of 9% – Record total revenues of $848 million, an increase of 6% – Rental pricing increased 3.5% year-over-year – M&A and greenfield openings offset impact from decelerating local-market revenue growth – Net income decreased 8% to $70 million, or $2.46 per diluted share – Adjusted EBITDA of $360 million increased 2%; adjusted EBITDA margin of 42.5% – Free cash flow of $148 million for the six months ended June 30, 2024 Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended June 30, 2024. "In the second quarter, we benefited from
Herc Holdings Inc. (NYSE:HRI) today announced it will release second quarter 2024 financial results on July 23, 2024, 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/200830725 The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory/
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 June 14, 2024, to shareholders of record as of May 31, 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 412 locations across North America, and 2023 total revenues of approximately $3.3 billion. We offer products and services aimed at helping customers work more efficiently, effectively, and safely. Our classic fleet includes aerial, earthmoving, materi
First Quarter 2024 Highlights Record first quarter total revenues of $804 million, an increase of 9% Net income decreased 3% to $65 million, or $2.29 per diluted share Adjusted EBITDA of $339 million increased 10%; adjusted EBITDA margin increased to 42.2% Rental pricing increased 5.1% year-over-year Added 15 new locations through M&A and greenfield openings Corporate credit rating upgraded by S&P Global to BB Herc Holdings Inc. (NYSE:HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended March 31, 2024. "We are off to a strong start in 2024, achieving record first-quarter revenue and adjusted EBITDA margin as we continue to cap
Herc Holdings Inc. (NYSE:HRI) today announced it will release first quarter 2024 financial results on April 23, 2024, 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/656011211 The call is also accessible using the following dial-in numbers: U.S. participants: +1-800-715-9871 International participants: https://registrations.events/directory/
Fourth Quarter 2023 Highlights Record total revenues of $831 million, an increase of 6% Net income decreased 7% to $91 million, or $3.20 per diluted share Adjusted EBITDA of $382 million increased 6%; adjusted EBITDA margin at 46.0% Rental pricing increased 5.8% year-over-year Common stock repurchases of approximately 119,000 shares Added 15 new locations through M&A and greenfield openings Full Year 2023 Highlights Record total revenues of $3,282 million, an increase of 20% Net income increased 5% to $347 million, or $12.09 per diluted share Adjusted EBITDA of $1,452 million increased 18%; adjusted EBITDA margin at 44.2% Rental pricing increased 6.9% year-o
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 $0.0325 per share, or 5%, to $0.665 per share. The dividend is payable March 7, 2024, to shareholders of record as of February 21, 2024. At the new rate, the indicated dividend on an annual basis is $2.66 per share compared to the previous rate of $2.53 per share. "Investments in the growth of our business, the increase in our dividend, and the share buybacks we made in 2023 underscore the strength of our balance sheet and confidence in our strategic direction as we enter 2024. We remain committed to de
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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
Barclays reiterated coverage of Herc Holdings with a rating of Overweight and set a new price target of $200.00 from $135.00 previously
Baird analyst Mircea Dobre maintains Herc Hldgs (NYSE:HRI) with a Neutral and maintains $155 price target.
Herc Holdings Inc (NYSE:HRI) reported second-quarter FY24 sales growth of 6% year-on-year to $848 million, beating the analyst consensus estimate of $832.02 million. The revenue growth was due to an increase in equipment rental revenue of $63 million, reflecting positive pricing of 3.5% and increased volume of 6.4%. Total expenses for the quarter increased 8% to $755 million. Adjusted EBITDA increased 2%, with the adjusted EBITDA margin compressing to 42.5%. Adjusted EPS of $2.60 missed the analyst consensus estimate of $2.91. Herc held $70 million in cash and equivalents as of June-end, with a total fleet of approximately $6.7 billion at OEC. Operating cash flow for six mont
Herc Hldgs (NYSE:HRI) reported quarterly earnings of $2.60 per share which missed the analyst consensus estimate of $2.91 by 10.65 percent. This is a 3.35 percent decrease over earnings of $2.69 per share from the same period last year. The company reported quarterly sales of $848.00 million which beat the analyst consensus estimate of $832.02 million by 1.92 percent. This is a 5.74 percent increase over sales of $802.00 million the same period last year.
JP Morgan analyst Tami Zakaria initiates coverage on Herc Hldgs (NYSE:HRI) with a Neutral rating and announces Price Target of $155.
Gainers 3D Sys (NYSE:DDD) stock increased by 26.0% to $4.36 during Tuesday's after-market session. The market value of their outstanding shares is at $582.5 million. KULR Tech Gr (AMEX:KULR) shares rose 4.8% to $0.32. The company's market cap stands at $59.3 million. Graphex Gr (AMEX:GRFX) stock increased by 4.1% to $0.38. The market value of their outstanding shares is at $17.1 million. 1847 Holdings (AMEX:EFSH) shares rose 3.67% to $0.94. The market value of their outstanding shares is at $4.9 million. Ocean Power Techs (AMEX:OPTT) stock rose 2.7% to $0.18. The market value of their outstanding shares is at $10.6 million. FiscalNote Holdings (NYSE:NOTE) stock increased by 2.5% to $1.
Infrastructure Capital Advisors’ InfraCap Small Cap Income ETF (NYSE:SCAP) gapped up about 1% higher on Monday, the second consecutive northernly gap after closing about 0.9% higher on Friday. SCAP is a value fund, which is made up of the iShares Russell 2000 ETF (NYSE:IWM), weighted at 18.13% and a basket of small-cap stocks. Currently, the fund may be of particular interest to cyclical investors who are anticipating the sideways movement in the large-cap space may indicate investors will turn their attention to small-cap investments, the latter of which can offer more growth potential. Investing in small caps can be riskier than investing in mid-cap and large-cap stocks because of the am