Skip to Content

Herc Holdings Inc HRI Stock Quote

| Rating as of

Morningstar‘s Stock Analysis HRI

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

We Believe Herc Will Benefit From Growing Rental Market in North America

Dawit Woldemariam Equity Analyst

Business Strategy and Outlook

| Dawit Woldemariam |

We think Herc will continue to be a top-three player in the equipment rental industry. As one of the industry leaders, the company provides customers better equipment availability and reliability than smaller players. However, many of the equipment brands found in Herc’s product catalog can also be found at other competitors, such as United Rentals, Sunbelt Rentals (owned by Ashtead), and at thousands of other rental companies across North America.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics HRI

Company Profile HRI

Business Description

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 (3% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $5.1 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.

Contact
27500 Riverview Center Boulevard
Bonita Springs, FL, 34134
T +1 239 301-1000
Industry Rental & Leasing Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 5,600