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 |
|---|---|---|---|
| 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 |
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
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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 November 27, 2024 to shareholders of record at the close of business on November 13, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,571 rental locations in North America, 39 in Europe, 37 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,550 employees serve construction and industrial customers, utilities, municipali
United Rentals, Inc. (NYSE:URI) today announced financial results for the third quarter of 2024 and reaffirmed, at mid-point, its 2024 outlook, while narrowing the outlook ranges for revenue, adjusted EBITDA1, rental capital expenditures and net cash provided by operating activities. Third Quarter 2024 Highlights Total revenue of $3.992 billion, including rental revenue2 of $3.463 billion. Net income of $708 million, at a margin3 of 17.7%. GAAP diluted earnings per share of $10.70, and adjusted EPS1 of $11.80. Adjusted EBITDA of $1.904 billion, at a margin3 of 47.7%. Year-over-year, fleet productivity4 increased 3.5%. Excluding the impact of the Yak5 acquisition, fleet productivity
United Rentals, Inc. (NYSE:URI) will hold its third quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, October 24, 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 402-220-6073. The passcode for both the conference call and replay is 67939. The company's third quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, October 23, 2
Solution Transforms How Contractors Manage Tool Inventories United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today introduced ProBox OnDemand, a Bluetooth-enabled automated tool tracking system. ProBox OnDemand ensures that workers have the right tools exactly when and where they need them, and tracks tools in real time to reduce worksite tool loss significantly. ProBox OnDemand leverages Bluetooth asset tracking tags affixed to tools stored in a patent pending tool storage box. It provides automated visibility and accountability to tool usage, locations, and inventory levels. ProBox OnDemand storage units can be stocked by project or for jobsite specific req
United Rentals, Inc. (NYSE:URI) today announced that it will participate in the Morgan Stanley 12th Annual Laguna Conference on Wednesday, September 11, 2024. The conference will include a presentation by Matt Flannery, chief executive officer and Ted Grace, chief financial officer. The presentation will begin at 2:35 p.m. PT (5:35 p.m. ET) and is available via the following link: https://cc.webcasts.com/morg007/091124a_js/?entity=4_UQ7HQVV About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,559 rental locations in North America, 39 in Europe, 30 in Australia and 19 in New Zealand. In North America,
Divesture marks final exit of Platinum's Yak Access Investment LOS ANGELES, July 29, 2024 /PRNewswire/ -- Platinum Equity announced today the sale of BluRoc LLC to Mollitiam Holdings. Financial terms were not disclosed. Headquartered in Northampton, Massachusetts, BluRoc is a provider of temporary and permanent access roads, midstream projects, renewable infrastructure, access matting, environmental controls, land clearing and bridge installation services. BluRoc was previously owned by Yak Access, which Platinum Equity sold in March to United Rentals, Inc. (NYSE:URI) for approximately $1.1 billion in cash. "We are grateful to the BluRoc team for their commitment to delivering superior acce
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 August 28, 2024 to shareholders of record at the close of business on August 14, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,559 rental locations in North America, 39 in Europe, 30 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,000 employees serve construction and industrial customers, utilities, municipaliti
United Rentals, Inc. (NYSE:URI) today announced financial results for the second quarter of 2024 and reaffirmed, at mid-point, its 2024 outlook, while narrowing the outlook ranges for revenue and adjusted EBITDA1. Second Quarter 2024 Highlights Total revenue of $3.773 billion, including rental revenue2 of $3.215 billion. Net income of $636 million, at a margin3 of 16.9%. GAAP diluted earnings per share of $9.54, and adjusted EPS1 of $10.70. Adjusted EBITDA of $1.769 billion, at a margin3 of 46.9%. Year-over-year, fleet productivity4 increased 4.6%. Excluding the impact of the Yak5 acquisition, fleet productivity increased 3.0% year-over-year. Year-to-date net cash provided
United Rentals Training Arm Delivers Industry Leading Safety Training and Equipment Operator Certification Programs United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today announced that United Academy - the company's training arm - has marked its tenth anniversary. United Academy is the industry's largest training program, offering training courses and OSHA certifications to help customers develop a stronger, safer workforce. United Academy has more than 100 full-time certified trainers and has trained over 730,000 people over the past decade. Classroom and blended learning training can be completed onsite at customer locations or at one of the 486 particip
United Rentals, Inc. (NYSE:URI) will hold its second quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, July 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 800-343-1703 (international: 785-424-1116). The replay number for the call is 402-220-2669. The passcode for both the conference call and replay is 19463. The company's second quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, July 24, 202
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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
United Rentals (NYSE:URI) reported quarterly earnings of $10.70 per share which beat the analyst consensus estimate of $10.54 by 1.52 percent. The company reported quarterly sales of $3.773 billion which missed the analyst consensus estimate of $3.775 billion by 0.05 percent. This is a 6.16 percent increase over sales of $3.554 billion the same period last year.
United Rentals (NYSE:URI) has outperformed the market over the past 15 years by 23.94% on an annualized basis producing an average annual return of 36.49%. Currently, United Rentals has a market capitalization of $45.82 billion. Buying $100 In URI: If an investor had bought $100 of URI stock 15 years ago, it would be worth $11,430.32 today based on a price of $688.11 for URI at the time of writing. United Rentals's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
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.
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 November 27, 2024 to shareholders of record at the close of business on November 13, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,571 rental locations in North America, 39 in Europe, 37 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,550 employees serve construction and industrial customers, utilities, municipali
United Rentals, Inc. (NYSE:URI) today announced financial results for the third quarter of 2024 and reaffirmed, at mid-point, its 2024 outlook, while narrowing the outlook ranges for revenue, adjusted EBITDA1, rental capital expenditures and net cash provided by operating activities. Third Quarter 2024 Highlights Total revenue of $3.992 billion, including rental revenue2 of $3.463 billion. Net income of $708 million, at a margin3 of 17.7%. GAAP diluted earnings per share of $10.70, and adjusted EPS1 of $11.80. Adjusted EBITDA of $1.904 billion, at a margin3 of 47.7%. Year-over-year, fleet productivity4 increased 3.5%. Excluding the impact of the Yak5 acquisition, fleet productivity
United Rentals, Inc. (NYSE:URI) will hold its third quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, October 24, 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 402-220-6073. The passcode for both the conference call and replay is 67939. The company's third quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, October 23, 2
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 August 28, 2024 to shareholders of record at the close of business on August 14, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,559 rental locations in North America, 39 in Europe, 30 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,000 employees serve construction and industrial customers, utilities, municipaliti
United Rentals, Inc. (NYSE:URI) today announced financial results for the second quarter of 2024 and reaffirmed, at mid-point, its 2024 outlook, while narrowing the outlook ranges for revenue and adjusted EBITDA1. Second Quarter 2024 Highlights Total revenue of $3.773 billion, including rental revenue2 of $3.215 billion. Net income of $636 million, at a margin3 of 16.9%. GAAP diluted earnings per share of $9.54, and adjusted EPS1 of $10.70. Adjusted EBITDA of $1.769 billion, at a margin3 of 46.9%. Year-over-year, fleet productivity4 increased 4.6%. Excluding the impact of the Yak5 acquisition, fleet productivity increased 3.0% year-over-year. Year-to-date net cash provided
United Rentals, Inc. (NYSE:URI) will hold its second quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, July 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 800-343-1703 (international: 785-424-1116). The replay number for the call is 402-220-2669. The passcode for both the conference call and replay is 19463. The company's second quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, July 24, 202
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