• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    United Rentals, Inc. Will No Longer Pursue the Acquisition of H&E Equipment Services, Inc.

    2/18/25 7:15:00 AM ET
    $URI
    Diversified Commercial Services
    Consumer Discretionary
    Get the next $URI alert in real time by email

    United Rentals, Inc. (NYSE:URI) ("United Rentals" or "the company") today announced that it has notified H&E Equipment Services, Inc. ("H&E") that it does not intend to submit a revised proposal for the acquisition of H&E, which will permit H&E to terminate United Rentals' previously announced merger agreement with H&E.

    Matthew Flannery, chief executive officer of United Rentals, said, "One of our key responsibilities as a management team is to be good stewards of our investors' capital and our decision not to increase our offer for H&E reflects our commitment to financial discipline. We remain focused on leveraging our one-stop shop strategy, supported by world-class service and innovative solutions, to help our customers achieve their goals across safety, productivity and sustainability. And we will continue to follow our well-proven strategy focused on profitable growth, strong free cash flow generation and prudent capital allocation to drive compelling long-term value for our shareholders."

    As previously announced, on January 14, 2025, United Rentals and H&E entered into a merger agreement. On February 16, 2025, H&E notified United Rentals that it had received a superior acquisition proposal from a strategic bidder, and that absent an improved bid by United Rentals, H&E intends to terminate the merger agreement to enter into an agreement for such acquisition proposal. Prior to terminating the merger agreement H&E was required to negotiate in good faith with United Rentals for four business days. United Rentals has waived this period.

    Under the merger agreement, H&E is required to pay a termination fee of approximately $63.5 million to United Rentals if H&E terminates the merger agreement to enter into an agreement for such acquisition proposal.

    Following H&E's termination of the merger agreement, United Rentals will be immediately restarting its share repurchase program which remains a key element of the company's strategy for returning excess capital to its shareholders. As of February 18, 2025, approximately $250 million of authorization remains on the company's existing $1.5 billion share repurchase program.

    About United Rentals

    United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,591 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 27,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $21.43 billion. United Rentals is a member of the Standard & Poor's 500 Index, the Barron's 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. Forward-looking statements involve significant risks and uncertainties that may cause actual results to differ materially from such forward-looking statements. These statements are based on current plans, estimates and projections, and, therefore, you should not place undue reliance on them. No forward-looking statement, including any such statement concerning the completion and anticipated benefits of the proposed transaction, can be guaranteed, and actual results may differ materially from those projected. Forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about the business and future financial results of the equipment rental industries, and other legal, regulatory and economic developments. United Rentals and H&E use words such as "anticipates," "believes," "plans," "expects," "projects," "future," "intends," "may," "will," "should," "could," "estimates," "predicts," "targets," "potential," "continue," "guidance" and similar expressions to identify these forward-looking statements that are intended to be covered by the safe harbor provisions of the PSLRA. Actual results could differ materially from the results contemplated by these forward-looking statements due to a number of factors, including, but not limited to, those described in the SEC reports filed by United Rentals. United Rentals gives no assurance that it will achieve their expectations and do not assume any responsibility for the accuracy and completeness of the forward-looking statements. The forward-looking statements speak only as of the date hereof. United Rentals undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

    The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the business of United Rentals described in the "Risk Factors" section of the Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC by United Rentals.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250218821500/en/

    Elizabeth Grenfell

    Vice President, Investor Relations

    O: (203) 618-7125

    [email protected]

    Get the next $URI alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $URI

    DatePrice TargetRatingAnalyst
    4/16/2025$702.00Equal-Weight → Overweight
    Morgan Stanley
    4/7/2025$485.00Neutral → Sell
    UBS
    3/25/2025$705.00 → $666.00Underperform → Mkt Perform
    Bernstein
    1/14/2025$658.00Underperform → Neutral
    Robert W. Baird
    6/28/2024$750.00Outperform
    Raymond James
    6/26/2024$745.00Buy
    Citigroup
    6/7/2024$780.00Overweight
    JP Morgan
    3/14/2024$793.00Buy
    Truist
    More analyst ratings

    $URI
    Leadership Updates

    Live Leadership Updates

    See more
    • Caesars Entertainment, Inc. Appoints Kim Harris Jones to Board of Directors

      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

      4/29/24 4:05:00 PM ET
      $CZR
      $FOSL
      $TBI
      $URI
      Hotels/Resorts
      Consumer Discretionary
      Consumer Specialties
      Professional Services
    • Browning West Requisitions Special Meeting of Gildan Activewear Shareholders to Reconstitute a Majority of the Board of Directors

      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.

      1/9/24 11:15:00 AM ET
      $GIL
      $HBI
      $NKE
      $URI
      Apparel
      Consumer Discretionary
      Clothing/Shoe/Accessory Stores
      Shoe Manufacturing
    • Browning West Issues Letter to Gildan Activewear Shareholders Announcing Intent to Requisition Special Meeting to Reconstitute Board of Directors

      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

      12/29/23 3:00:00 PM ET
      $GIL
      $HBI
      $URI
      $WMT
      Apparel
      Consumer Discretionary
      Clothing/Shoe/Accessory Stores
      Diversified Commercial Services

    $URI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Martore Gracia C returned $138,781 worth of shares to the company (211 units at $657.73), decreasing direct ownership by 3% to 6,968 units (SEC Form 4)

      4 - UNITED RENTALS, INC. (0001067701) (Issuer)

      5/7/25 4:27:10 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • EVP, Chief Operating Officer Durand Michael D sold $688,908 worth of shares (1,100 units at $626.28), decreasing direct ownership by 11% to 8,748 units (SEC Form 4)

      4 - UNITED RENTALS, INC. (0001067701) (Issuer)

      4/29/25 4:35:49 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • EVP, Chief Admin. Officer Pintoff Craig Adam sold $2,816,680 worth of shares (4,449 units at $633.10), decreasing direct ownership by 23% to 14,920 units (SEC Form 4)

      4 - UNITED RENTALS, INC. (0001067701) (Issuer)

      4/29/25 4:33:05 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary

    $URI
    Financials

    Live finance-specific insights

    See more
    • United Rentals Declares Quarterly Cash Dividend

      United Rentals, Inc. (NYSE:URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.79 per share of URI common stock. The dividend will be payable on May 28, 2025 to stockholders of record as of May 14, 2025. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,601 rental locations in North America, 39 in Europe, 38 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,300 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The

      4/23/25 4:30:00 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • United Rentals Announces First Quarter 2025 Results, Reaffirms Full-Year Guidance, and Introduces New $1.5 Billion Share Repurchase Program

      United Rentals, Inc. (NYSE:URI) today announced financial results for the first quarter of 2025, reaffirmed its 2025 full-year guidance and announced that its Board of Directors has approved a new $1.5 billion share repurchase program. First Quarter 2025 Highlights1 Total revenue of $3.719 billion, including rental revenue2 of $3.145 billion. Net income of $518 million, at a margin3 of 13.9%. GAAP diluted earnings per share of $7.91, and adjusted EPS4 of $8.86. Adjusted EBITDA4 of $1.671 billion, at a margin3 of 44.9%. Year-over-year, fleet productivity5 increased 3.1% as reported and 1.9% on a pro forma5 basis. Net cash provided by operating activities of $1.425 billion; free ca

      4/23/25 4:15:00 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • United Rentals, Inc. First Quarter 2025 Conference Call and Audio Webcast Thursday, April 24, 2025 at 8:30 a.m. (ET)

      United Rentals, Inc. (NYSE:URI) will hold its first quarter 2025 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, April 24, 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 800-451-7724 (international: 785-424-1116). The replay number for the call is 402-220-2695. The passcode for both the conference call and the replay is 81314. The company's first quarter 2025 press release will be issued and available at unitedrentals.com after the market close on Wednesday, April 23, 2

      4/9/25 9:25:00 AM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary

    $URI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • United Rentals upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded United Rentals from Equal-Weight to Overweight and set a new price target of $702.00

      4/16/25 9:03:19 AM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • United Rentals downgraded by UBS with a new price target

      UBS downgraded United Rentals from Neutral to Sell and set a new price target of $485.00

      4/7/25 11:59:13 AM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • United Rentals upgraded by Bernstein with a new price target

      Bernstein upgraded United Rentals from Underperform to Mkt Perform and set a new price target of $666.00 from $705.00 previously

      3/25/25 8:24:04 AM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary

    $URI
    SEC Filings

    See more
    • United Rentals Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - UNITED RENTALS, INC. (0001067701) (Filer)

      5/8/25 4:31:44 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • SEC Form 144 filed by United Rentals Inc.

      144 - UNITED RENTALS, INC. (0001067701) (Subject)

      4/29/25 4:14:29 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • SEC Form 144 filed by United Rentals Inc.

      144 - UNITED RENTALS, INC. (0001067701) (Subject)

      4/28/25 4:07:40 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary

    $URI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • United Rentals Highlights Equipment and Training Solutions That Support Jobsite Safety

      United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today highlighted equipment, access control and jobsite safety solutions that help contractors protect their crews and worksites. These tools, combined with expert-led training through United Academy®, support safer, more efficient operations across every phase of a project. "Nothing is more important than the physical safety and mental wellbeing of workers," said Teresa Kee, Vice President of Health and Safety, United Rentals. "Investing in safety enhances not only worker protection but also jobsite productivity, budgets and project timelines. Construction Safety Week is a valuable opportunity to explore how eq

      5/6/25 4:05:00 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • United Rentals Declares Quarterly Cash Dividend

      United Rentals, Inc. (NYSE:URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.79 per share of URI common stock. The dividend will be payable on May 28, 2025 to stockholders of record as of May 14, 2025. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,601 rental locations in North America, 39 in Europe, 38 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,300 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The

      4/23/25 4:30:00 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • United Rentals Announces First Quarter 2025 Results, Reaffirms Full-Year Guidance, and Introduces New $1.5 Billion Share Repurchase Program

      United Rentals, Inc. (NYSE:URI) today announced financial results for the first quarter of 2025, reaffirmed its 2025 full-year guidance and announced that its Board of Directors has approved a new $1.5 billion share repurchase program. First Quarter 2025 Highlights1 Total revenue of $3.719 billion, including rental revenue2 of $3.145 billion. Net income of $518 million, at a margin3 of 13.9%. GAAP diluted earnings per share of $7.91, and adjusted EPS4 of $8.86. Adjusted EBITDA4 of $1.671 billion, at a margin3 of 44.9%. Year-over-year, fleet productivity5 increased 3.1% as reported and 1.9% on a pro forma5 basis. Net cash provided by operating activities of $1.425 billion; free ca

      4/23/25 4:15:00 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary

    $URI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by United Rentals Inc.

      SC 13G - UNITED RENTALS, INC. (0001067701) (Subject)

      2/9/24 5:49:06 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by United Rentals Inc. (Amendment)

      SC 13G/A - UNITED RENTALS, INC. (0001067701) (Subject)

      2/7/23 2:10:49 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by United Rentals Inc. (Amendment)

      SC 13G/A - UNITED RENTALS, INC. (0001067701) (Subject)

      2/6/23 3:24:09 PM ET
      $URI
      Diversified Commercial Services
      Consumer Discretionary