I've been acquiring shares of HRI, but the valuation seems too good to be true.
- Highly acquisitive construction equipment rental business, with a strong moat
- Trading at single digit forward P/E (8.95) while management expects 14% revenue growth through 2026
- Solid growing 2% dividend plus share buybacks
This is a sound and highly diversified business with customers across industrial, infrastructure, and commercial and seems like a steal. They have a history of stock volatility but strong price returns if you have bought their past dips. I've owned their peer URI for a while but they seem relatively expensive.
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