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 |
|---|---|---|---|
| 1/14/2025 | $658.00 | Underperform → Neutral | Robert W. Baird |
| 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 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
4 - UNITED RENTALS, INC. (0001067701) (Issuer)
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SC 13G/A - UNITED RENTALS, INC. (0001067701) (Subject)
SC 13G - UNITED RENTALS, INC. (0001067701) (Subject)
SC 13G/A - UNITED RENTALS, INC. (0001067701) (Subject)
Robert W. Baird upgraded United Rentals from Underperform to Neutral and set a new price target of $658.00
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
8-K - UNITED RENTALS, INC. (0001067701) (Filer)
8-K - UNITED RENTALS, INC. (0001067701) (Filer)
8-K - UNITED RENTALS, INC. (0001067701) (Filer)
10-Q - UNITED RENTALS, INC. (0001067701) (Filer)
8-K - UNITED RENTALS, INC. (0001067701) (Filer)
8-K - UNITED RENTALS, INC. (0001067701) (Filer)
10-Q - UNITED RENTALS, INC. (0001067701) (Filer)
SD - UNITED RENTALS, INC. (0001067701) (Filer)
8-K - UNITED RENTALS, INC. (0001067701) (Filer)
144 - UNITED RENTALS, INC. (0001067701) (Subject)
United Rentals, Inc. (NYSE:URI) will hold its fourth quarter and full year 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, January 30, 2025 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: 785-424-1226). The replay number for the call is 402-220-7225. The passcode for the conference call is 53167 and the replay passcode is 39460. The company's fourth quarter and full year 2024 press release will be issued and available at unitedrentals.com a
$4.8 billion transaction will expand capacity in strategic U.S. markets and provides attractive risk-adjusted returns United Rentals, Inc. (NYSE:URI) ("United Rentals" or "the company") and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including approximately $1.4 billion of net debt. Founded in 1961, H&E provides its customers with a comprehensive mix of high-quality general rental fleet including aerial work platforms, earthmoving equipment, material handling equipment, a
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) today announced Julie Brandt has joined the company's board of directors, effective immediately. Her appointment expands the composition of the board to 11 members, nine of which are independent directors. Michael Kneeland, chairman of United Rentals, said, "We are excited to welcome Julie to our board. Her leadership and operational expertise, as well as her understanding of the dynamics of scale and customer service in a large, networked, growth business, will provide significant value to the board. She has extensive knowledge of the construction industry and brings a wealth of global experience, having built high-performing organizations across multiple
United Rentals, Inc. (NYSE:URI) will hold its fourth quarter and full year 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, January 30, 2025 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: 785-424-1226). The replay number for the call is 402-220-7225. The passcode for the conference call is 53167 and the replay passcode is 39460. The company's fourth quarter and full year 2024 press release will be issued and available at unitedrentals.com a
GREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NASDAQ:QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (NASDAQ:BECN) to acquire all outstanding shares of Beacon for $124.25 per share in cash. The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon's 90-day unaffected volume-weighted average price of $91.02. "Our all-cash offer provides compelling value. We believe Beacon shareholders have a right to evaluate our proposal, despite the attempt by Beacon's Board of Directors to withhold it from them," said Brad Jacobs, chairman and chief executive officer of QXO.
$4.8 billion transaction will expand capacity in strategic U.S. markets and provides attractive risk-adjusted returns United Rentals, Inc. (NYSE:URI) ("United Rentals" or "the company") and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including approximately $1.4 billion of net debt. Founded in 1961, H&E provides its customers with a comprehensive mix of high-quality general rental fleet including aerial work platforms, earthmoving equipment, material handling equipment, a
Interactive Training Course Transforms How Workers Learn Regulations and Safe Practices for Trench and Excavation Projects United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, has launched its Excavation Safety Training for Competent Persons Program, offering an interactive approach to teaching trench and excavation safety. Designed to enhance compliance and productivity, the program has engaging activities for the learner to apply their knowledge in key areas tailored to one of most hazardous tasks in construction. The training helps competent persons—those overseeing excavation safety—along with employers and workers, understand and apply OSHA Standard 29 CFR
United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today announced it has received the 2024 HIRE Vets Medallion Platinum Award and 2025 Military Friendly® Employer Gold recognition. The awards highlight United Rentals' comprehensive efforts to recruit, employ and retain the nation's veterans. The HIRE Vets Medallion Award, presented by the U.S. Department of Labor, is the only federal-level veterans employment award that recognizes an organization's commitment to veteran hiring, retention and professional development. United Rentals received the award in the large company category based on veteran hiring and retention percentages, availability of veteran-specif
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
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