2024-06-16 09:10:16 ET
Summary
- HERC Holdings continues to experience strong topline growth in 2024 with support from pricing strength and recent acquisitions.
- The company operates in various industries, renting out a variety of equipment for fleet management and general and specialty purposes.
- The demand environment remains healthy for the near term, while the longer term should benefit from industrial tailwinds and the company's expansion efforts.
- Margin outlook looks good with anticipated volume growth and improved efficiency.
- Considering the growth prospects, the stock is currently priced attractively.
The Thesis
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Herc Holdings: Fundamental Are Strong, Should Own This Stock At The Current Levels