SCHEDULE: FMR LLC Boosts Stake in Herc Holdings to 7.1%
Beneficial Ownership Report (Amendment)
FMR LLC and Abigail P. Johnson have reported a 7.1% beneficial ownership stake in Herc Holdings Inc. common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 2,351,003.97 shares of HERC HOLDINGS INC common stock.
- This ownership represents 7.1% of the total outstanding common stock of HERC HOLDINGS INC.
- The beneficial ownership was reported as of September 30, 2025, with the filing signed on November 4, 2025.
- FMR LLC holds sole voting power over 2,341,989.00 shares and sole dispositive power over 2,351,003.97 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of HERC HOLDINGS INC.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. The significant institutional stake is a neutral data point.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Herc Holdings Inc.'s future performance or outlook.
Management Comments
- NA
Industry Context
This filing indicates continued significant institutional investment in Herc Holdings Inc. by a major asset manager, FMR LLC (Fidelity). Such disclosures are common for publicly traded companies and reflect ongoing portfolio management decisions by large investment firms within the equipment rental industry.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | The filing details Abigail P. Johnson's existing roles at FMR LLC but does not report any management changes at HERC HOLDINGS INC. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Disclosure | Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are predominant owners of Series B voting common shares (49% voting power) of FMR LLC. A shareholders' voting agreement ensures all Series B shares are voted in accordance with the majority, potentially forming a controlling group for FMR LLC under the Investment Company Act of 1940. | NA | This disclosure pertains to the internal governance and control structure of FMR LLC, the reporting entity, and does not indicate any changes or impacts on the corporate governance of Herc Holdings Inc. |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake (7.1%) by FMR LLC provides transparency regarding the ownership structure and may influence investor perception of the company's stability and institutional interest.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of the event requiring the filing of this statement, reflecting the beneficial ownership stake. |
| 11/04/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
HERC HOLDINGS INC, HRI, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Ownership, Common Stock, Investment Management
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