United Rentals(URI)
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URI or MAS: Which Is the Better Value Stock Right Now?
ZACKS· 2024-10-02 16:46
Investors interested in stocks from the Building Products - Miscellaneous sector have probably already heard of United Rentals (URI) and Masco (MAS) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emp ...
URI Unveils ProBox OnDemand for Enhanced Tool Management
ZACKS· 2024-10-02 16:26
United Rentals, Inc. (URI) launched ProBox OnDemand, an automated tool-tracking system that utilizes Bluetooth technology. This system helps ensure workers access the correct tools when and where needed. It also tracks tools in real-time, which significantly reduces the risk of tool loss on worksites. This innovation is part of the United Rentals Worksite Performance portfolio, which helps customers create connected worksites that enhance safety, productivity and sustainability. ProBox OnDemand utilizes Blu ...
All You Need to Know About United Rentals (URI) Rating Upgrade to Buy
ZACKS· 2024-09-25 17:05
Investors might want to bet on United Rentals (URI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a chan ...
Should Value Investors Buy United Rentals (URI) Stock?
ZACKS· 2024-09-25 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...
United Rentals, Inc. (URI) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-09-25 14:16
Have you been paying attention to shares of United Rentals (URI) ? Shares have been on the move with the stock up 8.9% over the past month. The stock hit a new 52-week high of $807.79 in the previous session. United Rentals has gained 39.9% since the start of the year compared to the 23.9% move for the Zacks Construction sector and the 21.7% return for the Zacks Building Products - Miscellaneous industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, a ...
PLATINUM EQUITY SELLS BLUROC TO MOLLITIAM HOLDINGS
Prnewswire· 2024-07-29 13:00
Transaction Overview - Platinum Equity announced the sale of BluRoc LLC to Mollitiam Holdings, with financial terms undisclosed [1] - BluRoc provides temporary and permanent access roads, midstream projects, renewable infrastructure, access matting, environmental controls, land clearing, and bridge installation services [1] - The sale marks Platinum Equity's final exit from its Yak Access investment, which included BluRoc [4] Company Background - BluRoc was acquired by Yak Access in 2017 to provide access road and clearing services in the Northeast [6] - BluRoc specializes in creating access solutions for challenging terrain, including building mat roads, permanent and temporary access roads, bridges, and land clearing services [6] - Platinum Equity acquired a controlling stake in Yak Access in 2018 from Jones Companies and Beasley Forest Products [4] Strategic Impact - Platinum Equity expressed pride in the value created during its six-year ownership of BluRoc, navigating challenges such as Covid-19 and oil and gas market fluctuations [2] - BluRoc's leadership team is optimistic about the new opportunities under Mollitiam Holdings, aiming to continue innovation in access solutions [3] Financial Advisory - Palm Tree served as financial advisor and Morgan Lewis provided legal counsel to Platinum Equity on the sale of BluRoc [3] Platinum Equity Overview - Platinum Equity is a global investment firm with over $48 billion in assets under management and a portfolio of approximately 50 operating companies [5] - The firm specializes in mergers, acquisitions, and operations, having completed more than 450 acquisitions over 28 years [5] Previous Transaction - BluRoc was previously owned by Yak Access, which Platinum Equity sold to United Rentals, Inc for approximately $1.1 billion in cash in March [7]
United Rentals Q2: Thriving Through The Industrial Recession, But Seems Fairly Valued
Seeking Alpha· 2024-07-26 11:04
After all, a huge surge in demand fueled by low rates and stimulus packages ruled by many governments created a huge pull-forward effect. No wonder we are now seeing automakers, and other heavy machinery producers face a decline in orders while feeling new pressure on margins. Data by YCharts One may ask: why do customers rent instead of buying the equipment they need? Well, the answer is multifaceted. This means United Rentals will benefit from strong infrastructure spending and the manufacturing reshoring ...
United Rentals Pops On Increased Guidance
Seeking Alpha· 2024-07-26 04:44
July 25th ended up being a really great day for shareholders of United Rentals (NYSE:URI). The company, which primarily engages in the renting out of equipment like aerial work platforms, air compressors, and more, saw its shares closed up 5.4%. This came in spite of management reporting financial results covering the second quarter of the 2024 fiscal year that fell short of expectations from a revenue and earnings perspective. The push higher almost certainly was because of increased guidance for the year ...
United Rentals(URI) - 2024 Q2 - Earnings Call Presentation
2024-07-25 17:18
() United Rentals* Second Quarter 2024 Investor Presentation () United Rentals: Work United® Introductory information Unless otherwise specified, the information in this presentation, including forward-looking statements, is as of our most recent earnings call held on July 25, 2024. We make no commitment to update any such information contained in this presentation. Certain statements in this presentation are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 ...
United Rentals(URI) - 2024 Q2 - Earnings Call Transcript
2024-07-25 17:12
United Rentals, Inc. (NYSE:URI) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Matthew Flannery - President and CEO William Ted Grace - EVP and CFO Conference Call Participants David Raso - Evercore ISI Robert Wertheimer - Melius Research Timothy Thein - Raymond James Jamie Cook - Truist Securities Jerry Revich - Goldman Sachs Michael Feniger - Bank of America Tami Zakaria - JPMorgan Kyle Menges - Citigroup Angel Castillo - Morgan Stanley Steven Fisher - UBS Neil Tyler - Redb ...