United Rentals, Inc. (URI) announced its acquisition of Yak Access, LLC, Yak Mat, LLC, and New South Access & Environmental Solutions, LLC, collectively known as "Yak," from Platinum Equity for approximately $1.1 billion in cash. Expected to close in the first quarter of 2024, the move diversifies URI's Specialty business offerings, enhancing shareholder returns and positioning the company as a one-stop shop for customers.Shares of United Rentals gained 1.7% during the trading session on Mar 4, 2024.Strateg ...

LOS ANGELES, March 4, 2024 /PRNewswire/ -- Platinum Equity announced today the signing of a definitive agreement to sell Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively, "Yak") to United Rentals, Inc. (NYSE: URI) for approximately $1.1 billion in cash. The transaction is expected to close in the first quarter of 2024, subject to limited contractual conditions. Yak is a leader in the North American matting industry with a fleet of approximately 600,000 hardwood ...

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) today announced that it has entered into a definitive agreement to acquire Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively, “Yak”) from Platinum Equity (“Platinum”) for approximately $1.1 billion in cash. The transaction is expected to close in the first quarter of 2024, subject to limited contractual conditions. Yak is a leader in the North American matti ...

The most recent trading session ended with United Rentals (URI) standing at $693.27, reflecting a +1.03% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.52%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.The the stock of equipment rental company has risen by 9.72% in the past month, leading the Construction sector's gain of 9.43% and the S&P 500's gain of 3.85%.Investors will be eagerly watching for ...

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced that it will participate in the 16th Annual Evercore ISI Industrial Conference on Tuesday, March 5, 2024. The conference will include a presentation by Matt Flannery, chief executive officer and Ted Grace, chief financial officer. The presentation will begin at 3:10 p.m. ET and is available via the following link: https://wsw.com/webcast/evercore42/uri/2190000 About United Rentals United Rentals, Inc. is the largest equipm ...

A month has gone by since the last earnings report for United Rentals (URI) . Shares have added about 1.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is United Rentals due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. United Rentals’ Q4 Earnings Beat, Margins Fall ...

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced that it will participate in the Citi 2024 Global Industrial Tech and Mobility Conference on Tuesday, February 20, 2024. The conference will include a presentation by Matt Flannery, chief executive officer and Ted Grace, chief financial officer. The presentation is scheduled to begin at 3:30 p.m. ET and will be available via the following link: https://kvgo.com/citi/united-rentals-inc-feb-2024. About United Rentals United R ...

Sangwien/iStock via Getty Images MoneyShow’s top contributing analysts, strategists, and newsletter editors share their investment recommendations for the year ahead. See Part 8 here. United Rentals By John Eade, President of Argus Research United Rentals (URI) shares have consistently outperformed the market and the Industrial sector over trailing 3-month, 1-year, and five-year periods. We expect this trend to continue. United Rentals is the largest rental equipment company in the world. We are comfort ...

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced a next-generation access management solution that seamlessly manages jobsite and equipment access through RFID badges. This single-badge, multi-use solution can increase jobsite visibility and control for safer, more efficient operations. Next-generation access management is compatible with a variety of third-party workforce management solutions that register workers and issue ...

United Rentals (URI 12.46%) shares powered 12.4% higher through 12:45 p.m. ET on Thursday after the lessor of construction and general industrial equipment reported better-than-expected sales for the quarter -- and better earnings as well.Heading into the Q4 2023 report, Wall Street analysts forecast that United Rentals would earn $10.93 per share, adjusted for one-time items, on quarterly revenue of $3.6 billion. As it turned out, United Rentals earned $11.26 per share as revenue came in ahead of expectati ...