United Rentals (URI) is in a series of events that have affected its position in the market. Firstly, the firm is facing an
antitrust lawsuit alleging price-fixing in construction rentals. Despite this, some analysts still find the share price attractive. The company has also drawn attention due to an attempted
acquisition of H&E Equipment Services which ultimately didn't proceed after extended antitrust scrutiny and a surprise counter bid from Herc. Despite the failed acquisition, the company has made encouraging movements such as increasing its equipment capacity with a $4.8 billion deal with H&E and being selected as one of
America's Best-Managed Companies. The $4.8 billion acquisition with H&E was expected to extend the fleet by 64,000 units. Interestingly, the company's
shares have experienced considerable changes whereby it hit a 52-week low amid market shifts and soon after soared dramatically. In recent financial updates, Q4 earnings fell short of estimates although sales surpassed expectations. Furthermore, the firm announced its plan to increase its
dividend to $1.79 and a strategic
SWOT Insight shows it as a strong value stock. The company was also recognized as a supplier of the year for 2024 by Polaris.
United Rentals URI News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Fri, 04 Apr 2025 13:55:43 GMT -
Rating 1
- Innovation 4
- Information 7
- Rumor -2
