Corient Private Wealth LLC, among other financial management firms, has adjusted its holdings in
United Rentals, Inc. (URI). Despite its shares decreasing by 18.2% since the last quarterly earnings, the company remains in the buy range for some analysts.
Acquiring H&E Equipment Services, Inc. was a significant move for United Rentals. However, the company faces some antitrust scrutiny regarding the deal. Nevertheless, URI's recent Q4 showed a robust revenue of $4.1 billion, reflecting the company's resilience and growth potential.
Stake adjustments from various asset management companies also took place. Strikingly, United Rentals' planned acquisition of H&E Equipment Services, Inc., was abandoned. The general market sentiment for URI is positive, with Goldman Sachs maintaining a 'buy' rating even after a change in URI's price target. United Rentals' notable shareholders' earnings are set for a hefty payout in 2024. The focus for the future remains on United Rentals' strategic vision to overcome inflationary cost challenges and its
earnings expectations in the upcoming quarters.
United Rentals URI News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 22 Mar 2025 10:04:07 GMT -
Rating 3
- Innovation 0
- Information 6
- Rumor -2
