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An update from United Rentals ( (URI) ) is now available.
On February 18, 2025, United Rentals announced its decision not to pursue a revised acquisition proposal for H&E Equipment Services, opting instead to allow the merger agreement to be terminated following a superior offer received by H&E. This decision underlines United Rentals’ commitment to financial discipline and its strategy to focus on profitable growth and shareholder value. Subsequently, United Rentals will resume its share repurchase program, which is a key component of its capital return strategy, with $250 million remaining from its authorized $1.5 billion program.
More about United Rentals
United Rentals, Inc. is the world’s largest equipment rental company, operating an integrated network of 1,501 rental locations across North America, 39 in Europe, 37 in Australia, and 19 in New Zealand. The company serves a diverse clientele including construction and industrial sectors, utilities, municipalities, and homeowners with approximately 5,000 classes of equipment available for rent. Headquartered in Stamford, Connecticut, United Rentals is a prominent entity in several major stock indices, including the S&P 500.
YTD Price Performance: 5.48%
Average Trading Volume: 579,869
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $48.41B
Learn more about URI stock on TipRanks’ Stock Analysis page.
