United Rentals Inc. (URI) shares have been observed undergoing notable shifts by various asset managers. There has been increased interest by Livforsakringsbolaget Skandia Omsesidigt and Mirae Asset Global Investments, while entities like Retirement Systems of Alabama and abrdn plc, have reduced their stock holdings in URI.
URI has also embarked on significant strategic moves such as a massive $4.8 billion acquisition of H&E Equipment Services, leading to a fleet expansion by 64,000 units. The company has announced dividend increments, and the fourth quarter of 2024 saw top-estimated sales despite a miss on expected earnings.
Despite the earnings miss, URI promises impressive revenues and strategic growth in the years ahead. The Q4 2024 earnings call highlighted record revenue and strategic growth, even as experts believe the stock is likely to rise. The company has aggressively set its revenue target range of $15.6B-$16.1B for 2025 alongside a 10% dividend increase. Despite JPMorgan Chase & Co's optimistic forecast, there are concerns about United Rentals' potential to face growth hurdles due to its high valuation.
United Rentals URI News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 08 Feb 2025 13:34:17 GMT -
Rating 4
- Innovation -2
- Information 5
- Rumor -6
