Herc Holdings Inc.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a HRI research report →
Range $160 – $218
Price Chart
About the company
Herc Holdings Inc. , together with its subsidiaries, operates as an equipment rental supplier in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment.
- CEO
- Lawrence H. Silber
- IPO
- 2006
- Employees
- 9,600
- HQ
- Bonita Springs, FL, US
Get TickerSpark's AI analysis on HRI
Create an account to generate AI analysis on any ticker — technical setup, analyst consensus, earnings watch, insider pulse, financial health, and peer context. Ready in about a minute.
Get Pro Access →Already have an account? Log in
Similar companies
Peers in the same neighborhood.
- Market Cap
- $5.44B
- P/E
- 110.81
- Fwd P/E
- 22.73
- PEG
- -0.05
- P/S
- 1.12
- P/B
- 2.88
- EV/EBITDA
- 13.33
- Div Yield
- 1.72%
- Gross Margin
- 28.93%
- Op Margin
- 14.46%
- Net Margin
- 1.01%
- ROE
- 2.56%
- ROIC
- 5.39%
Latest fiscal year · YoY change
- Revenue
- $4.38B+22.6%
- Gross Profit
- $1.23B-8.6%
- Op Income
- $670.00M
- Net Income
- $1.00M-99.5%
- EPS
- $0.03-99.6%
- OCF Growth
- -8.7%
- FCF Growth
- -943.8%
- 52W High
- $188.35
- 52W Low
- $88.45
- 50D MA
- $153.15
- 200D MA
- $140.52
- Beta
- 1.87
- RSI (14)
- 52
- Avg Volume
- 543.02K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Herc said Q2 marked a post-H&E turning point, with pro forma rental revenue back to growth and full-year guidance raised on stronger mega-project demand.· July 28, 2026
- Pro forma equipment rental revenue returned to growth, up 2% overall, and did so earlier in the quarter than management expected.
- Specialty revenues were up double digits, and management said the mix is still moving back toward higher-margin specialty work.
- Fuel and transportation inflation pressured margins, especially in April, but margins improved as volume built through the quarter.
- Management raised full-year guidance, citing stronger national accounts and mega-project activity, while keeping revenue and cost synergy targets on track.
- CapEx is being stepped up to meet demand, with management saying the increase is demand-driven rather than speculative.
Equipment rental revenue was up approximately 23% year over year and total revenue grew 20%, largely because H&E was only in the prior-year base for one month. Adjusted EBITDA increased 19% to a 40.4% margin, and REBITDA increased approximately 18% to a 41.4% margin. Adjusted net income was $48 million, or $1.43 per diluted share. On a pro forma basis, equipment rental revenue rose despite lower average fleet at OEC, and pro forma dollar utilization increased more than 200 basis points. Free cash flow was $202 million for the first half, liquidity was $2.1 billion, and net leverage was 3.95x. For full-year 2026, management raised guidance to $4.425 billion of equipment rental revenue and about $2.09 billion of adjusted EBITDA at the midpoint, supported by roughly $900 million of net fleet CapEx. The company kept its revenue synergy target at $100 million to $120 million and expects an incremental $90 million of cost synergies this year toward the $125 million target by year-end. Free cash flow is now expected to be between $250 million and $350 million, and management said fuel and transportation inflation should create about 1 point of full-year adjusted EBITDA margin pressure.
Larry Silber framed the quarter as the first meaningful post-acquisition turning point, saying integration is complete and the focus has shifted fully to execution. He emphasized that pro forma rental revenue growth, improving fleet efficiency, and rising customer demand give the company confidence to raise guidance. His tone was constructive and confident, with repeated references to momentum heading into the second half and into 2027.
Mark Humphrey highlighted the hard numbers: equipment rental revenue up approximately 23%, total revenue up 20%, adjusted EBITDA up 19% with a 40.4% margin, and adjusted net income of $48 million or $1.43 per share. He said fuel and transportation inflation was the biggest margin headwind, up approximately 35% from the first quarter, and estimated about 150 basis points of adjusted EBITDA margin impact in Q2 and about 1 point of full-year margin drag. He also pointed to $202 million of first-half free cash flow, $2.1 billion of liquidity, and net leverage of 3.95x, while explaining that higher fleet investment is being directed toward higher-margin specialty equipment and should support EBITDA growth and deleveraging over time.
Analysts focused on pricing, margin recovery, CapEx, synergy timing, fuel inflation, and the sustainability of the stronger demand. Management said pricing remains rational and constructive, but the biggest near-term lift in dollar utilization came from fleet health and mix improvements, with more improvement expected in Q3 and Q4. On CapEx, they said the increase is demand-driven, not speculative, and on synergies they said revenue synergies are back-half weighted while about 55% of incremental cost synergies should land in the second half. They also said the higher fuel headwind is partly unrecoverable and that current assumptions already build in similar Q3 and Q4 pressure.
The bullish case from the call is that Herc believes the H&E combination is now translating into growth, with pro forma rental revenue back to rising and demand stronger than originally planned. Management is seeing more large-project activity, a higher target share of the mega-project market over time, and specialty growth that should improve the mix and margins as new locations mature.
The main risks discussed were fuel and transportation inflation, which management said remains a meaningful headwind and may persist if oil prices stay elevated. The demand picture is still bifurcated, with interest-rate-sensitive local markets weak in some areas, and the higher CapEx plan reduces free cash flow this year to a $250 million to $350 million range. Management also said some pricing and contract benefits, especially from the H&E portfolio, may take years to fully work through.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 86.8%
- Shares Outstanding
- 33.43M
- Float Shares
- 29.03M
of shares held by institutions
313 13F filers
Buy/sell ratio 1.56. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for HRI, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Fmr LLC | 5.00M | ▼ 8.63K |
| Vanguard Group Inc | 3.26M | ▼ 30.05K |
| Blackrock, Inc. | 2.86M | ▲ 331.40K |
| Norges Bank | 2.12M | ▲ 2.12M |
| Vanguard Capital Management LLC | 1.47M | ▲ 12.62K |
| Dimensional Fund Advisors LP | 1.33M | ▲ 167.24K |
| First Trust Advisors LP | 1.31M | ▲ 437.73K |
| Coliseum Capital Management, LLC | 1.12M | ▼ 544.94K |
| Gamco Investors, Inc. Et Al | 976.74K | ▲ 3.60K |
| Geode Capital Management, LLC | 812.73K | ▲ 55.18K |
| State Street Corp | 811.69K | ▲ 64.46K |
| Macquarie Management Holdings, Inc. | 700.73K | ▲ 40.80K |
Held by 302 ETFs
Biggest fund positions in HRI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| May 14, 26 | Shannon Patrick S | other | 1,035 |
| May 14, 26 | SACHDEV RAKESH | other | 1,035 |
| May 14, 26 | Olin John A | other | 1,035 |
| May 14, 26 | Kelly Michael A | other | 1,035 |
| May 14, 26 | HOLLEY JEAN K | other | 1,035 |
| May 14, 26 | BURGESS SHARI L | other | 1,035 |
| May 14, 26 | CAMPBELL PATRICK D | other | 1,035 |
| May 14, 26 | CAMPBELL PATRICK D | other | 1,070 |
| Mar 13, 26 | Schumacher Mark Alan | other | 30 |
| Mar 13, 26 | Humphrey Mark | other | 114 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our HRI coverage
Recent articles, reports, and earnings notes.
No research on HRI yet
For a full analyst-grade research report — grades, price targets, financials, chart analysis — generate one on demand.
Generate HRI report →Herc Rentals Publishes 2026 Corporate Citizenship Report
gurufocus.com · Aug 20
Herc Rentals Publishes 2026 Corporate Citizenship Report
businesswire.com · Aug 20
Herc Holdings Inc. Declares Regular Quarterly Dividend of $0.70 per Share
businesswire.com · Aug 19
Herc Holdings Inc. Announces Election of Erik Olsson to its Board of Directors
businesswire.com · Aug 19
Handelsbanken Fonder AB Grows Holdings in Herc Holdings Inc. $HRI
defenseworld.net · Aug 18
Herc Holdings Q2 Earnings Top Estimates on Rental Growth, 2026 View Up
zacks.com · Jul 29
Dimensional Fund Advisors LP Has $115.87 Million Position in Herc Holdings Inc. $HRI
defenseworld.net · Jul 29
Herc Holdings' Dip Offers An Entry Point
seekingalpha.com · Jul 28
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.