United Rentals (URI) was seeking a major acquisition deal with
H&E Equipment Services, but had to back out considering a superior proposal from
Herc Holdings Inc. Even though this led to a decline in United Rentals' stock price, experts still view this move favorably as a strategic prudence and path to long-term growth. URI was also obligated to pay an early termination fee following the end of the proposed merger. Interestingly, despite missing Q4 earnings estimates, URI recorded record revenue and strategic growth and looks forward to presenting at
Citi's 2025 Conference. The rental giant further confirmed to increase its dividends to $1.79 and aims to resume buybacks. Meanwhile,
H&E Equipment Services is set to be acquired by Herc Holdings at a premium offer, surpassing URI's bid. Amid all, the yearly returns for URI investors have been noted to rise more than its earnings growth over the last five years. In the face of competition and missed opportunities, the pivotal question that arises is the ideal time for one to buy the
United Rentals, Inc. stock.
United Rentals URI News Analytics from Mon, 05 Aug 2024 07:00:00 GMT to Fri, 21 Feb 2025 19:56:06 GMT -
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