The United Rentals Inc (URI) company has been on the radar of analysts and investors alike due to a range of significant factors. The company's shares have shown robust growth, delivering a whopping 373% return since 2020. Notwithstanding, the recent fall of 3.2% in the company's shares brought yearly returns more in line with its earnings growth. Encouragingly, URI has managed to keep the investors' concerns at bay, thanks to strong rental growth, fleet productivity and records set in the Specialty Revenue. In line with the strong performance, URI raised it's the full-year outlook. URI also announced a dividend of US$1.79, and an amendment to its credit agreement that would lower rates. Although URI’s second-quarter sales topped the estimates, their Q2 earnings missed estimates. However, United Rentals' Q2 revenues were up Year/Year. Furthermore, the highlight was the record Q2 sales which led to a $400M boost in share buyback program. The company's ongoing robust performance and investor-friendly moves prompted UBS to raise their price target to $835. However, it faces an antitrust lawsuit alleging price fixing in the Construction rentals market. Despite all, URI's outlook continues to look promising and investors continue to be largely optimistic.
United Rentals URI News Analytics from Fri, 06 Dec 2024 08:00:00 GMT to Sat, 09 Aug 2025 12:43:49 GMT - Rating 6 - Innovation 3 - Information 8 - Rumor 4
