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United Rentals Inc - Stock Quote URI

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Morningstar's United Rentals Inc Stock Analysis

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Is it the right time to buy or sell?

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Rental Equipment Demand Expected to Remain Strong in the Near Term, Benefitting United Rentals

Dawit Woldemariam Equity Analyst

Business Strategy and Outlook

| Dawit Woldemariam |

We think United Rentals will continue to be the top player in the equipment rental industry. As the industry leader, the company provides customers better equipment availability and reliability than smaller players. However, many of the equipment brands found in United Rentals’ product catalog can also be found at other competitors, such as Sunbelt Rentals (owned by Ashtead), Herc, and at thousands of other rental companies across North America.

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United Rentals Inc's Company Profile

Business Description

United Rentals is the world’s largest equipment rental company, and principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $16 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long time periods.

100 First Stamford Place, Suite 700
Stamford, CT, 06902
T +1 203 622-3131
Industry Rental & Leasing Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 20,400