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United Rentals

 

Buy United Rentals stocks

UNITED RENTALS (URI) Stocks

ABOUT UNITED RENTALS

? United Rentals, Inc. is an equipment rental company that operates through two segments. The company’s General Rentals division provides approximately 3 200 choices of construction, residential and industrial equipment, as well as services.

Its Trench, Power and Pump division offers specialty construction equipment and services. United Rentals’ services include sales of new and rental equipment, sales of contractor supplies and equipment rental such as forklifts, welders, backhoes, excavators, skid steers and track loaders, generators, light towers as well as air compressors. These services are offered to municipalities, construction customers, utilities, homeowners and industrial customers.

United Rentals, Inc.’s facility portfolio includes approximately 11 in Europe, 1 175 in North America and in 10 provinces in Canada. The company is three times bigger than any provider in its field, making it the largest equipment rental company globally. It has more than 18 500 employees. The company’s headquarters is in Stamford, Connecticut.

United Rentals is listed on the S&P 500, Barron’s 400, Russell 3000 and the Standard & Poor’s 500 Index.

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HISTORY OF UNITED RENTALS

  • United Rentals is founded in 1997 and starts its trade on the New York Stock Exchange that December.
  • In 1998 the company buys U.S. Rentals, Inc. for an estimated price of US Dollar 1.3 billion. United Rentals is now North America’s largest equipment rental company. HTS Acquisition, Inc. purchases United Rentals’ Highway Technology in 2006. In 2014 an opportunity to become North America’s second largest pump rental company arises and United Rentals buys National Pump for a price of US Dollar 780 million. The same year the company appears on the Fortune 500 and the S&P 500 Index.
  • In 2017 the company acquires a general equipment rentals competitor, NES Rentals, for a purchase price of US Dollar 965 million as well as Cummins, Inc.’s power generation assets. In October the same year the company buys another competitor named Neff Corporation for US Dollar 1.3 billion, including 69 of its facilities across the United States and equipment valued at US Dollar 867 million.
  • United Rentals buys Superior Speedie Portable Services, Inc. as well as Superior Logistics Services, Inc. assets. The transactions expands the company’s portfolio with more than 8 000 portable toilets and 130 lavatory trailers. It names this division United Rentals Reliable Onsite Services. The company expands its pump division with the purchase of BakerCorp International for a price of US Dollar 715 million. Several more acquisitions take place and the company’s portfolio grows impressively.

VISION & VALUES OF UNITED RENTALS

  • United Rentals acts responsibly with the safety of its employees, communities and customers. It values its customers and shareholders and acts in their best interests. The company honor commitments and conducts business with respect and integrity.
  • Several awards are won by the company, including several Top Workplace, Excellence in Corporate Social Responsibility, Most Responsible Companies in the Energy Sector as well as Conservationist of the Year.

MARKET PERFORMANCE OF UNITED RENTALS

  • United Rentals, Inc. trades on the New York Stock Exchange under the NYSE stock symbol “URI”.
  • Analysis data for the company’s quarterly period ending June 30, 2019 reports total assets of US Dollar 19,047 million.
  • Total revenues for this period are US Dollar 2,290 million. Gross profit is US Dollar 911 million and net income is US Dollar 270 million.

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LATEST NEWS UNITED RENTALS

Buy UNITED RENTALS stocks / shares – A Step by Step Guide how to Buy / Purchase UNITED RENTALS Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy UNITED RENTALS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN UNITED RENTALS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE UNITED RENTALS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of UNITED RENTALS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy UNITED RENTALS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : UDR STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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