United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools. It serves construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The Trench, Power and Fluid Solutions segment rents specialty construction products that include trench safety equipment, which comprise trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; and power, as well as heating, ventilating, and air conditioning equipment, including portable diesel generators, electrical distribution equipment, and temperature control equipment. It is also involved in the rental of fluid solutions equipment primarily used for fluid containment, transfer, and treatment. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. The company also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. United Rentals, Inc. sells its used equipment through its sales force, brokers, and Website, as well as at auctions and directly to manufacturers. As of January 1, 2021, the company operated a network of 1,165 rental locations, including 1,018 of these locations are in the United States, 136 are in Canada, and 11 are in Europe. United Rentals, Inc. was founded in 1997 and is headquartered in Stamford, Connecticut.
IPO Year: 1997
Exchange: NYSE
Website: unitedrentals.com
Date | Price Target | Rating | Analyst |
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6/28/2024 | $750.00 | Outperform | Raymond James |
6/26/2024 | $745.00 | Buy | Citigroup |
6/7/2024 | $780.00 | Overweight | JP Morgan |
3/14/2024 | $793.00 | Buy | Truist |
1/8/2024 | $500.00 | Equal-Weight | Morgan Stanley |
1/5/2024 | $485.00 | Outperform → Underperform | Exane BNP Paribas |
12/5/2023 | $504.00 → $525.00 | Buy → Neutral | UBS |
12/5/2023 | $504.00 → $525.00 | Buy → Neutral | BofA Securities |
12/4/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
4/5/2023 | $535.00 | Outperform | Exane BNP Paribas |
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Customers Representing Over 70% of Revenue Utilizing Digital Tools United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today reported strong adoption across digital platforms, including Total Control©, United Rentals Mobile App™, and the online marketplace. During Q1 2024, over 70% of United Rentals' revenue came from customers who use one or more digital tools to support their safety, productivity and sustainability objectives. Customers are using United Rentals' digital platforms throughout the rental experience: from renting equipment, checking real-time status of deliveries, placing service calls and tracking status, taking equipment off rent, to making pa
United Rentals, Inc. (NYSE:URI) today announced its selection for Newsweek's list of the Most Trustworthy Companies in America 2024 for the third year in a row. This recognition, presented by Newsweek and Statista, Inc., the world's leading statistics portal and industry ranking provider, underscores an unwavering commitment to trust and transparency in United Rentals' culture and business. The Most Trustworthy Companies in America 2024 were chosen through an evaluation of three key pillars of trust: customer, investor, and employee trust. The process included market definition, where U.S.-headquartered companies with revenue over $500 million were taken into account; a survey, where 25,0
Caesars Entertainment, Inc. (NASDAQ:CZR) today announced the appointment of Kim Harris Jones to its Board of Directors, effective April 29, 2024, subject to required regulatory approvals and pending licensure. With a track record of strategic corporate leadership as both an executive and a board member, Harris Jones will bring a unique perspective and in-depth experience to the Caesars Entertainment Board of Directors. "Kim Harris Jones is a tremendous addition to the Caesars Entertainment leadership team," said Gary Carano, Executive Chairman of the Board, Caesars Entertainment. "With her extensive experience in finance and a reputation as a thoughtful and engaged leader inside some of t
United Rentals, Inc. (NYSE:URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.63 per share of URI common stock. The dividend will be payable on May 22, 2024 to stockholders of record at the close of business on May 8, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,520 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 26,650 employees serve construction and industrial customers, utilities, municipalities, hom
United Rentals, Inc. (NYSE:URI) today announced financial results for the first quarter of 2024 and raised its full-year 2024 guidance to include the expected financial contribution from the company's acquisition of Yak1 on March 15, 2024. First Quarter 2024 Highlights Total revenue of $3.485 billion, including rental revenue2 of $2.929 billion. Net income of $542 million, at a margin3 of 15.6%. GAAP diluted earnings per share of $8.04, and adjusted EPS4 of $9.15. Adjusted EBITDA4 of $1.587 billion, at a margin3 of 45.5%. Year-over-year, fleet productivity5 increased 4.0%. Net cash provided by operating activities of $1.029 billion; free cash flow4 of $869 million, includin
United Rentals, Inc. (NYSE:URI) will hold its first quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, April 25, 2024 at 8:30 a.m. Eastern Time. The conference call is available live by audio webcast at unitedrentals.com, where it will be archived until the next earnings call. The call is also accessible by dialing 800-451-7724 (international: 785-424-1226). The replay number for the call is 402-220-6054. The passcode for both the conference call and replay is 24462. The company's first quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, April 24, 202
Company Receives Accolades for Outstanding Workplace and Culture United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today announced it has been recognized as one of America's Best Employers 2024. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. America's Best Employers have been identified in an independent survey from a vast sample of over 170,000 U.S. employees working for companies employing at least 1,000 people within the U.S. The final score is based on two types of evaluations: Personal - Given by employees themselves, also known as direct evaluations; and Public
United Rentals, Inc. (NYSE:URI) ("United Rentals" or "the company") today announced that it has completed its previously announced acquisition of Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively, "Yak") from Platinum Equity for approximately $1.1 billion in cash. The transaction and related expenses were funded through a combination of newly issued senior unsecured notes and existing capacity under the company's ABL facility. Yak is a leader in the North American matting industry with a fleet of approximately 600,000 hardwood, softwood, and composite mats providing surface protection across both construction and maintenance, repair and operat
Helping Award Construction Achieve More Sustainable Jobsite at St. Albert Project United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today announced it has added battery energy systems for tower cranes to its North American rental fleet. Developed by Termaco in collaboration with United Rentals, this innovative system provides clean, sustainable power that enables contractors to reduce fuel consumption and equipment-related downtime while achieving quieter, lower-emission jobsites. Configurable up to 500kW, the system operates alongside a generator to deliver reliable power to support tower crane operations. It minimizes generator run time by storing energy i
United Rentals, Inc. (NYSE:URI) ("URI") today announced that its subsidiary, United Rentals (North America), Inc. ("URNA"), has priced an offering of $1.1 billion principal amount of 6.125% Senior Notes due 2034 (the "Notes") in a private offering. URNA's obligations under the Notes will be guaranteed on a senior unsecured basis by URI and certain of URNA's domestic subsidiaries. Aggregate net proceeds from the sale of the Notes are expected to be approximately $1.090 billion after initial purchasers' discounts and commissions and payments of estimated fees and expenses. URNA expects to use the net proceeds from its offering of the Notes, together with borrowings under URNA's senior sec
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United Rentals, Inc. (NYSE:URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.63 per share of URI common stock. The dividend will be payable on May 22, 2024 to stockholders of record at the close of business on May 8, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,520 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 26,650 employees serve construction and industrial customers, utilities, municipalities, hom
United Rentals, Inc. (NYSE:URI) today announced financial results for the first quarter of 2024 and raised its full-year 2024 guidance to include the expected financial contribution from the company's acquisition of Yak1 on March 15, 2024. First Quarter 2024 Highlights Total revenue of $3.485 billion, including rental revenue2 of $2.929 billion. Net income of $542 million, at a margin3 of 15.6%. GAAP diluted earnings per share of $8.04, and adjusted EPS4 of $9.15. Adjusted EBITDA4 of $1.587 billion, at a margin3 of 45.5%. Year-over-year, fleet productivity5 increased 4.0%. Net cash provided by operating activities of $1.029 billion; free cash flow4 of $869 million, includin
United Rentals, Inc. (NYSE:URI) will hold its first quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, April 25, 2024 at 8:30 a.m. Eastern Time. The conference call is available live by audio webcast at unitedrentals.com, where it will be archived until the next earnings call. The call is also accessible by dialing 800-451-7724 (international: 785-424-1226). The replay number for the call is 402-220-6054. The passcode for both the conference call and replay is 24462. The company's first quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, April 24, 202
United Rentals, Inc. (NYSE:URI) today announced financial results for the fourth quarter of 2023 and reported its full-year results on Form 10-K. The company also announced its full-year 2024 guidance and an enhanced capital allocation strategy focused on balancing growth and returns to drive shareholder value that includes a lower targeted full-cycle leverage range, its intention to repurchase $1.5 billion of common stock in 2024 and a 10% increase in its dividend per share. Fourth Quarter 2023 Highlights Total revenue of $3.728 billion, including rental revenue2 of $3.119 billion. Net income of $679 million, at a margin3 of 18.2%. GAAP diluted earnings per share of $10.01, and adj
United Rentals, Inc. (NYSE:URI) will hold its fourth quarter and full year 2023 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, January 25, 2024 at 8:30 a.m. Eastern Time. The conference call is available live by audio webcast at unitedrentals.com, where it will be archived until the next earnings call. The call is also accessible by dialing 800-420-1271 (international: 785-424-1222). The replay number for the call is 402-220-2689. The passcode for both the conference call and replay is 80065. The company's fourth quarter and full year 2023 press release will be issued and available at unitedrentals.com after the market c
United Rentals, Inc. (NYSE:URI) today announced financial results for the third quarter of 2023 and reaffirmed its full-year 2023 guidance. Third Quarter 2023 Highlights Total revenue of $3.765 billion, including rental revenue1 of $3.224 billion. Net income of $703 million, at a margin2 of 18.7%. GAAP diluted earnings per share of $10.29, and adjusted EPS3 of $11.73. Adjusted EBITDA3 of $1.850 billion, at a margin2 of 49.1%. Year-over-year, fleet productivity4 decreased 2.2% as reported and increased 1.5% on a pro forma4 basis. Year-to-date net cash provided by operating activities of $3.290 billion; free cash flow3 of $1.157 billion, including gross rental capital spendin
United Rentals, Inc. (NYSE:URI) will hold its third quarter 2023 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, October 26, 2023 at 8:30 a.m. Eastern Time. The conference call is available live by audio webcast at unitedrentals.com, where it will be archived until the next earnings call. The call is also accessible by dialing 800-420-1271 (international: 785-424-1222). The replay number for the call is 402-220-2572. The passcode for both the conference call and replay is 70041. The company's third quarter 2023 press release will be issued and available at unitedrentals.com after the market close on Wednesday, October 25,
United Rentals, Inc. (NYSE:URI) today announced financial results for the second quarter of 2023 and raised its full-year 2023 guidance. Second Quarter 2023 Highlights Total revenue of $3.554 billion, including rental revenue1 of $2.981 billion. Net income of $591 million, at a margin2 of 16.6%. GAAP diluted earnings per share of $8.58, and adjusted EPS3 of $9.88. Adjusted EBITDA3 of $1.695 billion, at a margin2 of 47.7%. Year-over-year, fleet productivity4 decreased 2.0% as reported and increased 2.1% on a pro forma4 basis. Year-to-date net cash provided by operating activities of $2.228 billion; free cash flow3 of $818 million, including gross rental capital spending of $
Thursday, July 27, 2023 at 11:00 a.m. (ET) Dial-in numbers: Domestic: 800-451-7724 International: 785-424-1226 Passcode: 67803 United Rentals, Inc. (NYSE:URI) will hold its second quarter 2023 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, July 27, 2023 at 11:00 a.m. Eastern Time. The company's second quarter 2023 press release will be issued and available at unitedrentals.com after the market close on Wednesday, July 26, 2023. The conference call will also be available by audio webcast at unitedrentals.com, where it will be archived until the next earnings call. In addition, a replay is accessible for two weeks fo
United Rentals, Inc. (NYSE:URI) today announced financial results for the first quarter of 2023 and reaffirmed its full-year 2023 guidance. First Quarter 2023 Highlights Total revenue of $3.285 billion, including rental revenue1 of $2.740 billion. Year-over-year, fleet productivity2 increased 2.0% as reported and 5.9% on a pro forma2 basis. Net income of $451 million, at a margin3 of 13.7%. GAAP diluted earnings per share of $6.47, and adjusted EPS4 of $7.95. Adjusted EBITDA4 of $1.503 billion, at a margin3 of 45.8%. Net cash provided by operating activities of $939 million; free cash flow4 of $478 million, including gross rental capital spending of $797 million. Returne
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Truist Securities analyst Jamie Cook maintains United Rentals (NYSE:URI) with a Buy and lowers the price target from $796 to $785.
Raymond James analyst Tim Thein initiates coverage on United Rentals (NYSE:URI) with a Outperform rating and announces Price Target of $750.
During the last three months, 5 analysts shared their evaluations of United Rentals (NYSE:URI), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $772.2, with a high estimate of $796.00 and a l
Citigroup analyst Kyle Menges initiates coverage on United Rentals (NYSE:URI) with a Buy rating and announces Price Target of $745.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume UBER CALL SWEEP NEUTRAL 08/16/24 $67.50 $57.8K 6.7K 583 RKLB CALL SWEEP BULLISH 01/16
The May labor market report delivered hotter-than-expected numbers in terms of job gains and wage growth. Last month, U.S. employers added 272,000 nonfarm payrolls, a sharp increase from April’s 165,000 and well above the expected 180,000. Average hourly earnings witnessed a 4.1% year-on-year surge, up from an upwardly revised 4% in April, and above the expected 3.9%. On a monthly basis, earnings advanced at a 0.4% pace, accelerating from the previous 0.2%, and above the predicted 0.3%. Overall, it was a hot jobs report on almost all fronts, except for a slight uptick in the unemployment rate from 3.9% to 4%. The market interpreted these data as the final nail in the coffin for t
United Rentals (NYSE:URI) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 0 0 0 0 3M Ago 1 0 0 0 0 Analysts have recently evaluated United Rentals and provided 12-month price targets. The average target is $781.8, accompanied by a high estimate of $796.00 and a low estimate of $750.00. This current average has incre
JP Morgan analyst Tami Zakaria initiates coverage on United Rentals (NYSE:URI) with a Overweight rating and announces Price Target of $780.
Raymond James initiated coverage of United Rentals with a rating of Outperform and set a new price target of $750.00
Citigroup initiated coverage of United Rentals with a rating of Buy and set a new price target of $745.00
JP Morgan initiated coverage of United Rentals with a rating of Overweight and set a new price target of $780.00
Truist initiated coverage of United Rentals with a rating of Buy and set a new price target of $793.00
Morgan Stanley initiated coverage of United Rentals with a rating of Equal-Weight and set a new price target of $500.00
Exane BNP Paribas downgraded United Rentals from Outperform to Underperform and set a new price target of $485.00
UBS downgraded United Rentals from Buy to Neutral and set a new price target of $525.00 from $504.00 previously
BofA Securities downgraded United Rentals from Buy to Neutral and set a new price target of $525.00 from $504.00 previously
KeyBanc Capital Markets downgraded United Rentals from Overweight to Sector Weight
Exane BNP Paribas resumed coverage of United Rentals with a rating of Outperform and set a new price target of $535.00
Caesars Entertainment, Inc. (NASDAQ:CZR) today announced the appointment of Kim Harris Jones to its Board of Directors, effective April 29, 2024, subject to required regulatory approvals and pending licensure. With a track record of strategic corporate leadership as both an executive and a board member, Harris Jones will bring a unique perspective and in-depth experience to the Caesars Entertainment Board of Directors. "Kim Harris Jones is a tremendous addition to the Caesars Entertainment leadership team," said Gary Carano, Executive Chairman of the Board, Caesars Entertainment. "With her extensive experience in finance and a reputation as a thoughtful and engaged leader inside some of t
Announces Expansion of Slate to Eight Highly Qualified Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry and Governance Experience Informs Shareholders That Browning West Has Requested the Special Meeting Be Held Without Delay Urges Gildan's Board to Respect the Will of Shareholders and Not Employ Tactics to Unreasonably Delay Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares.
Special Meeting Would Empower Shareholders to Improve Gildan's Board by Voting to Replace Five Incumbent Directors Replacement Slate Includes Five High Quality Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry Experience Urges Gildan's Board to Refrain From Taking Actions to Entrench Itself or Delay the Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares. Today, Browning West i
United Rentals, Inc. (NYSE:URI) today announced the appointment of Sybil Collins as vice president, treasurer, effective immediately. In this role, Ms. Collins will have responsibility for all treasury functions, including capital strategy, cash management, inter-company financing, foreign exchange, interest rate management, and related areas of risk management. She assumes responsibility from Irene Moshouris, who is retiring, and will report to Ted Grace, chief financial officer. Prior to joining the company, Ms. Collins spent 16 years at Morgan Stanley, most recently as Managing Director and Global Head of Treasury Planning and Strategy. During her tenure at Morgan Stanley, Ms. Collins
United Rentals, Inc. (NYSE:URI) today announced the appointment of Elizabeth Grenfell as vice president, investor relations, effective immediately. In this role, Ms. Grenfell is responsible for managing communications between the company's leadership, current and future investors, and the broader financial community. She assumes responsibility for investor relations from Ted Grace, who has served as the company's primary investor contact since 2016 and is currently chief financial officer. Prior to joining the company, Ms. Grenfell was a research analyst at Bank of America Merrill Lynch covering the aerospace & defense sector, previous to which she was an ETF Investment Strategist at Blac
Alfredo Barquin, Vice President, Business Development, to Lead M&A Strategy United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today announced that Jeff Fenton, senior vice president, business development, will retire on June 30, 2022. He will be succeeded by Alfredo Barquin, who will lead the company's M&A growth strategy as vice president, business development. Mr. Fenton will continue working with the company as a senior advisor through December 31, 2022. Mr. Fenton joined United Rentals in his current position in 2012. Over the past decade, he has been instrumental in the successful completion of dozens of acquisitions and other transactions to expand the s