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 |
425 - HERC HOLDINGS INC (0001364479) (Filed by)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
425 - HERC HOLDINGS INC (0001364479) (Filed by)
425 - HERC HOLDINGS INC (0001364479) (Filed by)
425 - HERC HOLDINGS INC (0001364479) (Filed by)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
425 - HERC HOLDINGS INC (0001364479) (Filed by)
425 - HERC HOLDINGS INC (0001364479) (Filed by)
10-K - HERC HOLDINGS INC (0001364479) (Filer)
8-K - HERC HOLDINGS INC (0001364479) (Filer)
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
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
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
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
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
BATON ROUGE, La., Feb. 18, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced that it has determined that a definitive offer from Herc Holdings Inc. (NYSE:HRI) ("Herc") to acquire all of the outstanding shares of H&E common stock for a combination of cash and Herc common stock constitutes a "Superior Proposal," as defined in the existing merger agreement (the "United Rentals Merger Agreement") with United Rentals, Inc. (NYSE:URI) ("United Rentals"). The Herc definitive offer, which expires at 12:01 p.m. Eastern Time on February 24, 2025, includes a fully negotiated merger agreement and the related financing commitments. The Herc d
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) ("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 Barclays 42nd Annual Industrial Select Conference in Miami Beach, Florida on Wednesday, February 19, 2025. A fireside chat discussion and simultaneous audio webcast will take place that day, at 11:35 AM ET. A live audio webcast of the fireside chat will be available at: Herc Rentals. Investors may also access the webcast from the Company's investor relations events and presentation page at https://ir.hercrentals.
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
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
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