Morningstar
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Jun 04, 2024
Herc Holdings Inc.: Herc Rentals Earnings: Solid Demand Leads to a Good Start in 2024; Shares Slightly Undervalued
Summary
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 (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.4 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 cata
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