United Rentals (URI) has seen sharp
growth and
value appreciation in recent times, attracting the attention of many high-profile investors including
Axa S.A,
APG Asset Management N.V. and
Kayne Anderson Rudnick Investment Management LLC, who increased their holdings in the company.
Insiders have been selling shares, leading some to question potential weakness. The company's strong
Q2 earnings highlighted by big projects aided the rise of URI's stock. Many believe there is still room for growth, leading to a
rating upgrade and placement of United Rentals as a strong momentum and growth stock, showing no signs of shortage in growth regarding its return on capital. Notably, investors in United Rentals have seen fantastic returns of
482% and 534% over the past five years. The surge in
stock price despite some down days is often attributed to guidance increases and positive earnings reports. The acquisition of
Yak Access for
$1.1 billion signals diversification into the specialty business. Despite questions over URI's high valuation, some remain bullish due to its continuous growth prospect.
United Rentals URI News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 29 Sep 2024 09:01:11 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -4
