Readystate Asset Management LP Invests $4.29 Million in Herc Holdings Inc. $HRI

Readystate Asset Management LP purchased a new stake in Herc Holdings Inc. (NYSE:HRI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 43,073 shares of the transportation company’s stock, valued at approximately $4,288,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whitebox Advisors LLC grew its stake in shares of Herc by 45.6% in the first quarter. Whitebox Advisors LLC now owns 12,130 shares of the transportation company’s stock valued at $1,208,000 after buying an additional 3,800 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in Herc during the first quarter worth $21,866,000. Sei Investments Co. raised its position in Herc by 76.9% during the first quarter. Sei Investments Co. now owns 36,844 shares of the transportation company’s stock worth $3,668,000 after acquiring an additional 16,017 shares in the last quarter. State of Wyoming lifted its stake in Herc by 21.0% in the first quarter. State of Wyoming now owns 616 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 107 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Herc by 13.4% in the first quarter. First Trust Advisors LP now owns 873,338 shares of the transportation company’s stock valued at $86,941,000 after acquiring an additional 103,047 shares during the last quarter. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

NYSE HRI opened at $149.01 on Wednesday. The firm has a market cap of $4.98 billion, a P/E ratio of -551.90, a price-to-earnings-growth ratio of 29.05 and a beta of 1.88. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24. The company’s 50 day moving average is $143.76 and its 200-day moving average is $137.01. Herc Holdings Inc. has a 12-month low of $88.45 and a 12-month high of $188.35.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, July 28th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.67. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. Herc’s revenue for the quarter was up 20.2% on a year-over-year basis. Sell-side analysts predict that Herc Holdings Inc. will post 5.3 earnings per share for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 29th. Herc’s payout ratio is -1,037.04%.

More Herc News

Here are the key news stories impacting Herc this week:

• Positive Sentiment: Herc reported adjusted earnings of $1.43 per share, well above the $0.76 consensus estimate, while revenue rose 20.2% year over year to $1.20 billion, also exceeding expectations. Herc Holdings Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised its 2026 full-year guidance, signaling confidence that the completed H&E Equipment Services integration will support continued growth. Revenue synergies and cost savings are building, with incremental savings expected to reach approximately $125 million by year-end. Herc Holdings Reports Second Quarter 2026 Results and Increases 2026 Full Year Guidance
• Positive Sentiment: Analysts and commentators viewed the post-earnings pullback as a potential entry point, arguing that HRI’s valuation remains attractive relative to its growth prospects despite a substantial rally since March. Herc Holdings’ Dip Offers An Entry Point

Wall Street Analysts Forecast Growth

HRI has been the topic of a number of recent analyst reports. BNP Paribas Exane assumed coverage on Herc in a research report on Monday, June 29th. They set a “neutral” rating and a $160.00 price target on the stock. Weiss Ratings upgraded Herc from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Wells Fargo & Company increased their price target on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Citigroup lifted their price objective on shares of Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $173.43.

Herc Company Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.