A series of updates has been released regarding **United Rentals Inc.** (NYSE:URI). **Hudson Valley Investment Advisors, Fulton Bank N.A., and Northcape Capital Pty Ltd** have reportedly sold **shares** of the company, meanwhile communicating a potential scaledown in investment relations. **Jim Cramer** categorizes URI as a ‘**Winner**’ and observes a **stock increase** of **26% YTD**. URI’s **Q3 earnings release** was celebrated with anticipation as the company announced record-breaking results and reassuring 2024 mid-point guidance, also driving their stock price upward. The company’s standing in **specialty equipment distribution** was supported by its **Q2 and Q3 earnings**, but its performance seemed to lag behind its competitors. Despite analysts’ predictions, URI’s earnings and revenues **missed estimates** in Q3, resulting in a stock **decline**. **United Rentals insiders**, however, were seen making a smart move by selling US$12m of their shares. They also launched a unique, **VR-powered excavation safety training program**, hinting at the company’s dedication to technological advancement. **JPMorgan Chase & Co.** and United Rentals **congressman Greg Landsman** acquired significant shares, indicating a renewed confidence. The company’s current consensus recommendation is \"**Hold\"**, while their stock has risen after the **US Election results**.
United Rentals URI News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sat, 11 Jan 2025 04:00:29 GMT -
Rating 4
- Innovation 1
- Information 7
- Rumor 2
