[SCHEDULE 13G] Herc Holdings Inc. SEC Filing
FMR LLC, the parent company of Fidelity Investments, and its CEO Abigail P. Johnson filed a Schedule 13G disclosing a passive ownership position in Herc Holdings Inc. (NYSE: HRI). As of 30 Jun 2025, the filer beneficially owned 1,954,972.69 HRI common shares, equal to 5.9 % of the outstanding class. FMR has sole voting power over 1,953,595 shares and sole dispositive power over the full 1.95 million-share block; no shared voting or dispositive power was reported.
The filing is made under Rule 13d-1(b) and classifies FMR as a “HC” (parent holding company/control person), indicating the shares are held through controlled investment adviser subsidiaries in the ordinary course of business. The certification states the stake is non-activist and not intended to influence control of the issuer. Signatures were executed on 05 Aug 2025 by attorney-in-fact Richard Bourgelas.
- CUSIP: 42704L104
- Issuer address: 27500 Riverview Center Blvd, Bonita Springs, FL 34134
- FMR address: 245 Summer St., Boston, MA 02210
The disclosure signals continued institutional support from one of the world’s largest asset managers but does not in itself imply strategic change at Herc Holdings.
- Institutional investor FMR LLC disclosed 1.95 million shares (5.9 %), indicating continued institutional confidence in HRI.
- None.
Insights
TL;DR: Fidelity now owns 5.9 % of HRI; passive stake, modestly supportive signal, limited immediate impact.
FMR’s 5.9 % position confirms growing institutional interest in Herc Holdings, a key player in equipment rental. While passive, Fidelity’s scale can bolster liquidity and reduce float volatility. The absence of shared voting power suggests the stake is spread across index and actively managed funds, not an activist vehicle. For valuation, the holding does not change fundamentals but may improve perception among other institutions and marginally tighten the tradable float, supporting price stability. Overall impact is noteworthy yet not transformative.