United Rentals Stock Declines on Friday, Lags Market Performance
December 23, 2023
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United Rentals ($NYSE:URI) Inc., one of the largest equipment rental companies in the world, saw its stock decline on Friday despite a generally positive market performance. Since then, the company has expanded its operations to encompass thousands of locations in North America and other countries around the world. It provides a variety of rental services, from aerial lifts and power generators to air compressors and material handling equipment. United Rentals has seen its stock price rise steadily over the past few years, but on Friday it failed to keep up with the overall market and fell slightly.
This was despite strong results from the company in its most recent quarter, which saw it report higher revenues and improved profits. Despite this short-term decline, investors remain optimistic about United Rentals’ long-term growth prospects.
Share Price
On Friday, United Rentals Inc. stock experienced a slight decline, lagging overall market performance. The stock opened at $570.2 and closed at $570.5, representing a drop of 0.1% from the previous closing price of $571.0. Despite the overall market gains, United Rentals Inc. stock was unable to keep pace with the broader markets, resulting in a small decrease in its share price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for United Rentals. More…
| Total Revenues | Net Income | Net Margin |
| 13.9k | 2.38k | 17.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for United Rentals. More…
| Operations | Investing | Financing |
| 4.54k | -5.18k | 858 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for United Rentals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.83k | 18.08k | 114.43 |
Key Ratios Snapshot
Some of the financial key ratios for United Rentals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.9% | 26.1% | 27.4% |
| FCF Margin | ROE | ROA |
| 1.0% | 31.4% | 9.2% |
Analysis
GoodWhale provides a comprehensive analysis of UNITED RENTALS‘ fundamentals. Using our Star Chart, we can see that UNITED RENTALS is strong in growth and profitability, medium in dividend, and weak in asset. UNITED RENTALS has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. Additionally, UNITED RENTALS is classified as a ‘gorilla’, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strong fundamentals and competitive advantage, UNITED RENTALS may be of interest to growth investors, value investors, and dividend investors alike. Growth investors may be looking for companies with strong competitive advantages that allow them to grow their revenue and profits over time. Value investors may be attracted to UNITED RENTALS’ strong fundamentals and potential for growth. Finally, dividend investors may be looking for companies that provide steady dividends. More…
Peers
The rental equipment market is highly competitive, with United Rentals, Inc. (URI) competing against Herc Holdings Inc. (Herc), Ashtead Group PLC (Ashtead), and Kanamoto Co., Ltd. (Kanamoto). URI is the largest equipment rental company in the world, with over 1,100 locations in the United States, Canada, and Europe. Herc is the second largest equipment rental company in the United States, with over 400 locations. Kanamoto is a leading equipment rental company in Japan, with over 100 locations.
– Herc Holdings Inc ($NYSE:HRI)
Herc Holdings Inc is a leading provider of equipment rental solutions. It has a market cap of 3.01B as of 2022 and a return on equity of 26.7%. The company has a strong focus on customer service and providing high-quality equipment. It has a wide range of products and services that it offers to its customers.
– Ashtead Group PLC ($LSE:AHT)
Ashtead Group PLC is a British multinational equipment rental company headquartered in London, United Kingdom. It is the second largest equipment rental company in the world, and has over 1,400 locations in nine countries. The company rents a wide range of construction and industrial equipment, such as excavators, cranes, and backhoes.
Ashtead Group PLC has a market cap of 18.66B as of 2022, and a Return on Equity of 24.37%. The company has been growing steadily in recent years, and is expected to continue to do so in the future. Ashtead Group PLC is a well-run company, and is a good investment for those looking for growth in the equipment rental industry.
– Kanamoto Co Ltd ($TSE:9678)
Kanamoto Co Ltd is a Japanese company that specializes in construction equipment. The company has a market cap of 77.73B as of 2022 and a Return on Equity of 6.4%. Kanamoto has a strong presence in the Japanese construction market and is a well-known player in the industry. The company’s products are used in a variety of construction projects, including residential and commercial construction, civil engineering, and more.
Summary
United Rentals, Inc. (URI) stock has been underperforming the market on Friday. This has been the case for several days, with the company’s stock trending downwards over the last five days. Investors should closely monitor any changes in the company’s share price, business operations and financials in order to make an informed decision about United Rentals.
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