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.
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 |
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
In URI 594 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 8.15M |
BlackRock Inc. | 5.63M |
STATE STREET CORP | 3.57M |
Capital Research Global Investors | 2.79M |
BlackRock Institutional Trust Company, N.A. | 2.62M |
Capital World Investors | 1.69M |
BlackRock Fund Advisors | 1.65M |
MORGAN STANLEY | 1.59M |
CITADEL ADVISORS LLC | 1.47M |
GEODE CAPITAL MANAGEMENT, LLC | 1.38M |
Boston Partners | 1.17M |
DIMENSIONAL FUND ADVISORS LP | 1.16M |
LYRICAL ASSET MANAGEMENT LP | 1.04M |
BANK OF AMERICA CORP /DE/ | 0.96M |
NORDEA INVESTMENT MANAGEMENT AB | 0.93M |
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 / |