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URI $820.55

URI target price
820.55
0
499
United Rentals
Type
Public
Traded as NYSE: URI
S&P 500 Component
Founded September 1997
Headquarters Stamford, Connecticut, U.S.
Key people
Michael J. Kneeland, CEO
William B. Plummer, CFO
Matthew Flannery, COO
Products Construction/industrial rentals, sales, servicing
Website http://www.ur.com

United Rentals, Inc. (NYSE: URI) is the largest equipment rental company in North America, with about 11 percent of the region's market share. It owns the largest rental fleet in the world, has a workforce of over 13,500 employees, and operates 968 locations across 49 U.S. states and 10 Canadian provinces. In 2016, United Rentals' revenue totaled more than $5.7 billion, with over $2.6 billion in profit. It is ranked #452 on the Fortune 500.

URI was founded in 1997 by Bradley Jacobs and grew primarily through acquisition. It offers general, aerial, and specialty rentals to a customer base that includes construction and industrial companies; utilities; municipalities; and homeowners. In addition to rentals, the company offers new and used equipment sales, servicing, and safety training.

United Rentals is currently led by Michael J. Kneeland (President & CEO) and William B. Plummer (Executive Vice President & CFO). It is headquartered in Stamford, Connecticut.

United Rentals is primarily a provider of construction and industrial equipment: trucks, forklifts, earth movers, compressors, aerial work platforms, homeowner equipment, and similar devices. Together, these are considered general and aerial rentals, and they make up the bulk of URI's rental fleet and customer base.

The company also rents equipment in four specialty fields:

United Rentals was founded in September 1997. Then-chairman and CEO Bradley Jacobs planned to grow the company through acquisition and consolidation, beginning in October 1997 with six small leasing companies scattered across North America.

In December 1997, three months after forming, United Rentals began trading on the New York Stock Exchange under the symbol URI.

In June 1998, it acquired U.S. Rentals, Inc., for a sum variously reported as $1.2 billion and $1.31 billion. The acquisition made United Rentals the largest equipment rental company in North America.

On December 26, 2006, United Rentals announced the sale of their Highway Technology division to HTS Acquisition, Inc.

On July 23, 2007, United Rentals announced a definitive agreement to sell itself to Cerberus Capital Management in a transaction valued at approximately $6.6 billion, including the assumption of approximately $2.6 billion in debt obligations. URI's board of directors approved the merger agreement and recommended that stockholders do the same.

On November 15, 2007, the company announced that Cerberus was not prepared to proceed with the purchase on the terms set forth in its merger agreement. Cerberus confirmed that there had not been a material adverse change at United Rentals, which would have let it bow out of the deal without penalty. On December 21, 2007, a Delaware Chancery Court ruling denied United Rentals' attempt to force Cerberus to follow through on the takeover bid. However, the court did order Cerberus to pay the $100 million termination fee stipulated in the original agreement.

On December 16, 2011, United Rentals and RSC Holdings, Inc. announced that they had entered into a definitive merger agreement, under which United Rentals would acquire RSC in a cash-and-stock transaction. The merger was finalized on April 30, 2012, boosting URI to what was at the time a 13 percent market share of the equipment rental industry.

In 2013, United Rentals moved its headquarters from Greenwich, Connecticut to Stamford, Connecticut.

On March 9, 2014, the company announced plans to acquire National Pump for $780 million. This made United Rentals the second-largest pump rental company in North America.

In June 2014, United Rentals was first listed on the Fortune 500. Based on its 2013 revenues of $4.955 billion, the company was ranked exactly 500th. It had previously made it as high as 517 in 2002, before falling back down.

On September 19, 2014, URI was added to the S&P 500 Index.

On January 25, 2017, United Rentals announced the purchase of NES Rentals, a competing general equipment rentals company, for approximately $965 million. It completed the acquisition on April 3, 2017.

On October 2, 2017, United Rentals announced it had completed the acquisition of Neff Corporation for approximately $1.3 billion. In the transaction, United Rentals acquired approximately $867 million in equipment (based on original equipment cost) and Neff's 69 rental facility locations in the United States.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-25 Future report Set alerts
Q2 2022 2022-07-27 7.86 7.86
Q1 2022 2022-04-27 5.73 5.73
Q4 2021 2022-01-26 7.39 7.39
Q3 2021 2021-10-27 6.58 6.58
Q2 2021 2021-07-28 4.66 4.66
Q1 2021 2021-04-28 3.45 3.45
Q4 2020 2021-01-27 5.04 5.04
Q3 2020 2020-10-28 5.40 5.40
Q2 2020 2020-07-29 3.68 3.68

Ratings

2016-06-28 Reiterated Rating Morgan Stanley Buy
2016-06-13 Reiterated Rating Citigroup Inc. Buy $72.00 to $85.00
2016-05-23 Reiterated Rating Axiom Securities Sell
2016-05-05 Downgrade Goldman Sachs Neutral to Sell $60.00 to $58.00
2016-05-05 Downgrade Goldman Sachs Group Inc. Neutral to Sell $60.00 to $58.00
2016-04-22 Downgrade RBC Capital Outperform to Sector Perform $65.00 to $68.00
2016-04-22 Downgrade Bank of America Neutral to Underperform $55.00
2016-04-22 Downgrade Royal Bank Of Canada Outperform to Sector Perform $65.00 to $68.00
2016-04-22 Downgrade Bank of America Corp. Neutral to Underperform $55.00
2016-04-18 Boost Price Target Avondale Partners Market Perform $41.00 to $53.00
2016-04-17 Reiterated Rating Morgan Stanley Buy
2016-04-12 Reiterated Rating Axiom Securities Sell
2016-04-04 Boost Price Target Jefferies Group Buy $60.00 to $70.00
2016-04-01 Downgrade Oppenheimer Outperform to Market Perform $60.33
2016-04-01 Downgrade Oppenheimer Holdings Inc. Outperform to Market Perform $60.33
2016-03-31 Downgrade OTR Global Positive
2016-03-28 Boost Price Target Goldman Sachs $60.00
2016-03-28 Boost Price Target Piper Jaffray Outperform $88.00 to $111.00
2016-03-28 Boost Price Target Piper Jaffray Cos. Outperform $88.00 to $111.00
2016-03-07 Reiterated Rating Citigroup Inc. Focus List
2016-02-20 Reiterated Rating RBC Capital Outperform
2016-02-09 Reiterated Rating Jefferies Buy $90.00 to $60.00
2016-02-09 Lower Price Target Jefferies Group Buy $90.00 to $60.00
2016-02-02 Reiterated Rating Barclays Overweight
2016-02-02 Reiterated Rating Barclays PLC Overweight
2016-02-01 Reiterated Rating Oppenheimer Outperform $85.00 to $54.00
2016-02-01 Reiterated Rating Stifel Nicolaus Buy $92.00 to $57.00
2016-02-01 Reiterated Rating RBC Capital Outperform $90.00 to $65.00
2016-01-29 Lower Price Target Goldman Sachs Neutral $46.00
2016-01-29 Downgrade Susquehanna Positive to Neutral $87.00 to $50.00
2016-01-29 Downgrade Longbow Research Buy to Neutral
2016-01-19 Boost Price Target Barclays Overweight $80.00 to $81.00
2016-01-15 Upgrade Longbow Research Neutral to Buy $70.00
2015-10-26 Reiterated Rating Oppenheimer Buy $85.00
2015-10-23 Boost Price Target Barclays Overweight $77.00 to $80.00
2015-10-23 Reiterated Rating Stifel Nicolaus Buy $110.00 to $92.00
2015-10-18 Reiterated Rating Axiom Securities Sell $39.00
2015-10-15 Reiterated Rating Oppenheimer Buy $85.00
2015-10-09 Reiterated Rating Morgan Stanley Overweight $86.00
2015-09-25 Upgrade Bank of America Underperform to Neutral $65.00
2015-09-24 Initiated Coverage Barclays Overweight $77.00
2015-08-21 Initiated Coverage Axiom Securities Sell $39.00
2015-08-04 Upgrade Evercore Partners Inc. Sell to Hold
2015-08-04 Upgrade Evercore ISI Sell to Hold $64.00
2015-07-29 Lower Price Target Jefferies Group Buy $110.00 to $85.00
2015-07-27 Reiterated Rating Citigroup Inc. Buy $105.00 to $85.00
2015-07-27 Lower Price Target Oppenheimer Outperform $105.00 to $85.00
2015-07-24 Reiterated Rating Stifel Nicolaus Buy $120.00 to $110.00
2015-07-24 Downgrade Wells Fargo & Co. Outperform to Market Perform
2015-07-24 Downgrade RBC Capital Top Pick to Outperform $110.00 to $94.00
2015-07-24 Downgrade Wells Fargo Outperform to Market Perform
2015-07-23 Reiterated Rating Jefferies Group Buy $110.00 to $85.00
2015-07-21 Reiterated Rating Avondale Partners Outperform to Sector Perform
2015-07-20 Downgrade Avondale Partners Outperform to Market Perform $134.00 to $85.00
2015-07-20 Initiated Coverage Wolfe Research Underperform
2015-07-14 Reiterated Rating RBC Capital Top Pick $124.00 to $110.00
2015-07-10 Reiterated Rating Jefferies Group Buy $120.00 to $110.00
2015-07-10 Reiterated Rating Piper Jaffray Buy $123.00 to $110.00
2015-07-09 Reiterated Rating Citigroup Inc. Buy $110.00 to $105.00
2015-06-17 Lower Price Target Jefferies Group $130.00 to $120.00
2015-06-16 Downgrade Macquarie Neutral to Underperform $80.00
2015-06-02 Reiterated Rating S&P Equity Research Strong-Buy $137.00
2015-05-29 Downgrade Bank of America Neutral to Underperform $108.00 to $80.00
2015-04-26 Reiterated Rating Oppenheimer Outperform
2015-04-15 Reiterated Rating Oppenheimer Outperform $105.00
2015-03-24 Initiated Coverage Wells Fargo & Co. Outperform
2015-03-24 Initiated Coverage Wells Fargo Outperform
2015-03-02 Upgrade Morgan Stanley Equal Weight to Overweight $115.00
2015-01-23 Lower Price Target Stifel Nicolaus Buy $128.00 to $120.00
2015-01-20 Lower Price Target Citigroup Inc. Buy $125.00 to $110.00
2015-01-13 Lower Price Target Jefferies Group Buy $135.00 to $130.00
2015-01-05 Downgrade Evercore ISI Buy to Sell $123.00 to $87.00
2015-01-05 Downgrade Morgan Stanley Hold
2014-12-05 Boost Price Target Oppenheimer Outperform $122.00 to $127.00
2014-12-05 Boost Price Target Morgan Stanley Equal Weight $122.00 to $131.00
2014-11-25 Boost Price Target Jefferies Group Buy $117.00 to $135.00
2014-10-17 Reiterated Rating Macquarie Neutral $115.00 to $105.00
2014-10-17 Reiterated Rating RBC Capital Top Pick $128.00
2014-10-17 Reiterated Rating Citigroup Inc. Buy $128.00 to $125.00
2014-10-07 Downgrade Bank of America Buy to Neutral $125.00 to $120.00
2014-09-15 Boost Price Target Jefferies Group Buy $125.00 to $138.00
2014-07-21 Reiterated Rating Citigroup Inc. Buy $110.00 to $128.00
2014-07-18 Reiterated Rating Macquarie Neutral $100.00 to $115.00
2014-07-18 Boost Price Target RBC Capital Top Pick $110.00 to $128.00
2014-07-15 Initiated Coverage Avondale Partners Outperform
2014-07-15 Boost Price Target Oppenheimer Outperform $103.00 to $122.00
2014-07-09 Reiterated Rating Morgan Stanley Equal Weight $116.00 to $104.00
2014-07-01 Boost Price Target KeyBanc $105.00 to $122.00
2014-07-01 Boost Price Target KeyCorp $105.00 to $122.00
2014-06-17 Downgrade Longbow Research Buy to Neutral $105.00
2014-06-16 Downgrade Northcoast Research Buy to Neutral
2014-06-05 Boost Price Target Jefferies Group Buy $110.00 to $125.00
2014-04-21 Boost Price Target RBC Capital Top Pick $98.00 to $110.00
2014-04-21 Boost Price Target Oppenheimer Outperform $101.00 to $103.00
2014-03-12 Reiterated Rating Bank of America Buy $95.00 to $105.00
2014-03-10 Reiterated Rating Citigroup Inc. Positive
2014-03-10 Boost Price Target Jefferies Group $100.00 to $110.00
2014-03-07 Boost Price Target KeyBanc $88.00 to $105.00
2014-02-18 Initiated Coverage Stifel Nicolaus Buy $99.00
2014-01-23 Reiterated Rating Jefferies Group Buy
2014-01-15 Boost Price Target Jefferies Group Buy $100.00
2013-12-17 Initiated Coverage Jefferies Group Buy $86.00
2013-12-10 Upgrade RBC Capital Outperform to Top Pick $72.00 to $85.00
2013-11-07 Downgrade Evercore ISI Strong-Buy to Buy $78.00
2012-01-27 Reiterated UBS Buy $40 to $50
2011-12-19 Reiterated Oppenheimer Outperform $29 to $37
2010-10-21 Reiterated UBS Buy $25 to $30
2016-06-28 Reiterated Rating Morgan Stanley Buy
2016-06-13 Reiterated Rating Citigroup Inc. Buy $72.00 to $85.00
2016-05-23 Reiterated Rating Axiom Securities Sell
2016-05-05 Downgrade Goldman Sachs Neutral to Sell $60.00 to $58.00
2016-05-05 Downgrade Goldman Sachs Group Inc. Neutral to Sell $60.00 to $58.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KNEELAND MICHAEL President and CEO 0.26%  (249925) URI / YRCW /
PLUMMER WILLIAM B Exec. VP & CFO 0.06%  (55926) GPN / JWA / UIL / URI /
Flannery Matthew John Exec. VP & COO 0.04%  (36674) URI /
GRIFFIN BOBBY J 0.04%  (36664) AAWW / HBI / URI / WCC /
Fenton Jeffrey J Sr. V.P., Business Development 0.03%  (32201) MLNK / URI /
Papastavrou Jason D 0.03%  (29582) URI / XPO /
BRITELL JENNE K 0.03%  (29149) CCK / DGX / URI /
OZANNE JAMES 0.02%  (23219) NMIH / URI / ZBB /
PINTOFF CRAIG ADAM Sr. V.P., Gen. Counsel & H.R. 0.02%  (22186) URI /
Fahey John J Vice President - Controller 0.02%  (17086) URI /
MCALLISTER SINGLETON B 0.02%  (15446) LNT / URI /
Asplund Dale A Sr VP-Business Services & CIO 0.02%  (14887) URI /
Gottsegen Jonathan Mark SVP-Gen. Counsel & Secretary 0.01%  (11149) URI /
MCAULEY BRIAN 0.01%  (9820) URI /
LEROY PIERRE E 0.01%  (9505) COF / URI /
Alvarez Jose B 0.01%  (6732) TJX / URI /
Wimbush Lawrence Keith 0.01%  (6188) URI /
Graziano Jessica Vice President, Controller 0.01%  (5397) URI /
MCKINNEY JOHN S 0.01%  (5388) URI /
ROOF DONALD C 0.01%  (5000) URI /