Topic: How To Invest

Q: Pat. I’m wondering what your thoughts are on Herc Holdings. Thanks for your wisdom.

Article Excerpt

A: Herc Holdings Inc., $48.50, symbol HRI on New York (Shares outstanding: 28.3 million; Market cap: $1.3 billion; www.hercrentals.com), operates one of the leading equipment rental businesses in North America through its operating subsidiary, Herc Rentals. On July 1, 2016, the old Hertz Global Holdings Inc. set up its car rental subsidiary as a separate firm (also called Hertz Global Holdings Inc., symbol HTZ on New York). It then handed shares in that new company to its investors. After the spinoff, the remaining equipment rental business changed its name to Herc Holdings and consolidated its shares on a 1-for-15 basis. Herc Holdings has $3.6 billion in equipment available for rent through its 270 company-owned locations in the U.S. and Canada. The equipment includes air compressors and tools, and climate control, compaction and paving systems. Herc Rentals also supplies rental equipment for concrete and masonry applications, earthmoving, floor-care and surface preparation, material handling and power generation. In addition, it sells used equipment online and…