The Gabelli Focused Growth and Income Fund on Herc Holdings Inc.
Thesis
Herc delivered first-quarter results well above expectations while confirming successful integration of H&E Equipment Services. Gabelli expects strong national-account activity and a growing mega-project pipeline to support equipment rental revenue and EBITDA. Continued synergy capture, mega-project demand, and the dividend underpin the fund's view that further upside remains.
“we believe continued synergy capture and mega-project demand support further upside from here.”