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United Rentals (URI)

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,169 rental locations in North America and 11 in Europe. In North America, the company operates in 49 states and every Canadian province. The company's approximately 18,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 4,000 classes of equipment for rent with a total original cost of $14.13 billion. United Rentals is a member of the Standard & Poor's 500 Index, the Barron's 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn.

Company profile

Ticker
URI
Exchange
CEO
Matthew Flannery
Employees
Incorporated
Location
Fiscal year end
Former names
UNITED RENTALS INC /DE
SEC CIK
Subsidiaries
A. United Rentals (North America), Inc. • United Rentals Highway Technologies Gulf, LLC • (a) United Rentals of Canada, Inc. • United Rentals (Delaware), Inc. • United Rentals Realty, LLC • (United Rentals (North America), Inc. • United Rentals Receivables LLC • United Rentals International B.V. • (a) United Rentals UK Limited • (b) United Rentals S.A.S. ...
IRS number
61522496

URI stock data

Analyst ratings and price targets

Last 3 months

Calendar

27 Apr 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 101M 101M 101M 101M 101M 101M
Cash burn (monthly) 14.33M 14.75M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 41.12M 42.32M n/a n/a n/a n/a
Cash remaining 59.88M 58.68M n/a n/a n/a n/a
Runway (months of cash) 4.2 4.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 May 22 Dale A Asplund Common Stock Payment of exercise Dispose F No No 295.46 1,469 434.03K 25,197
8 May 22 Alvarez Jose B Common Stock Sale back to company Dispose D No No 295.46 448 132.37K 10,483
5 May 22 Shon Larry D De Common Stock Grant Acquire A No No 303.2 528 160.09K 849
5 May 22 Alvarez Jose B Common Stock Grant Acquire A No No 303.2 528 160.09K 10,931
5 May 22 Griffin Bobby J Common Stock Grant Acquire A No No 303.2 528 160.09K 42,587
5 May 22 Jones Kim Harris Common Stock Grant Acquire A No No 303.2 528 160.09K 4,017
88.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 882 892 -1.1%
Opened positions 105 142 -26.1%
Closed positions 115 79 +45.6%
Increased positions 304 283 +7.4%
Reduced positions 320 317 +0.9%
13F shares Current Prev Q Change
Total value 22.38B 21.52B +4.0%
Total shares 63.21M 64.8M -2.5%
Total puts 1.52M 2.11M -27.9%
Total calls 1.08M 1.17M -7.7%
Total put/call ratio 1.4 1.8 -21.9%
Largest owners Shares Value Change
Vanguard 8.18M $2.91B +2.3%
BLK Blackrock 5.45M $1.94B +1.1%
STT State Street 3.69M $1.31B -1.7%
Capital Research Global Investors 2.69M $956.82M +55.7%
MS Morgan Stanley 1.38M $490.64M +0.6%
Geode Capital Management 1.37M $487.08M +4.1%
Lyrical Asset Management 1.23M $435.72M +0.7%
Dimensional Fund Advisors 1.11M $394.55M +0.2%
IVZ Invesco 1.1M $392.34M -7.1%
IPXAF Impax Asset Management 1.08M $384.18M +169.6%
Largest transactions Shares Bought/sold Change
Capital Research Global Investors 2.69M +964.11K +55.7%
TROW T. Rowe Price 263.86K -946.98K -78.2%
Norges Bank 0 -716.76K EXIT
IPXAF Impax Asset Management 1.08M +680.42K +169.6%
Pelham Capital 0 -529.5K EXIT
Millennium Management 204.84K -356.98K -63.5%
FMR 350.05K -307.33K -46.8%
Citadel Advisors 172.33K -263.52K -60.5%
Assetmark 2.55K -247.64K -99.0%
Brave Warrior Advisors 246.42K +246.42K NEW

Financial report summary

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Risks
  • Our business is cyclical in nature. Economic slowdowns and decreases in general economic activity have in the past caused weakness in our end-markets and had adverse effects on our revenues and operating results, and could do so again in the future.
  • Trends in oil and natural gas prices could adversely affect the level of exploration, development and production activity of certain of our customers and the demand for our services and products.
  • Increases in fuel costs or reduced supplies of fuel could harm our business.
  • We may not be able to refinance our indebtedness on favorable terms, or at all. Our inability to refinance our indebtedness could materially and adversely affect our liquidity and our ongoing results of operations.
  • We may be able to incur substantially more debt and take other actions that could diminish our ability to make payments on our indebtedness when due, which could further exacerbate the risks associated with our current level of indebtedness.
  • If we are unable to satisfy the financial covenant or comply with other covenants in certain of our debt agreements, our lenders could elect to terminate the agreements and require us to repay the outstanding borrowings, or we could face other substantial costs.
  • Restrictive covenants in certain of the agreements and instruments governing our indebtedness may adversely affect our financial and operational flexibility.
  • The amount of borrowings permitted under our ABL facility may fluctuate significantly, which may adversely affect our liquidity, results of operations and financial position.
  • We rely on available borrowings under the ABL facility and the accounts receivable securitization facility for cash to operate our business, which subjects us to market and counterparty risk, some of which is beyond our control.
  • If we are unable to obtain additional capital as required, we may be unable to fund the capital outlays required for the success of our business.
  • Our growth strategies may be unsuccessful if we are unable to identify and complete future acquisitions and successfully integrate acquired businesses or assets.
  • If we determine that our goodwill has become impaired, we may incur impairment charges, which would negatively impact our operating results.
  • Our operating results may fluctuate, which could affect the trading value of our securities.
  • Our common stock price has fluctuated significantly and may continue to do so in the future.
  • We cannot guarantee that we will repurchase our common stock pursuant to our share repurchase program or that our share repurchase program will enhance long-term stockholder value. Share repurchases could also increase the volatility of the price of our common stock and could diminish our cash reserves.
  • Our charter provisions, as well as other factors, may affect the likelihood of a takeover or change of control of the Company.
  • If we are unable to collect on contracts with customers, our operating results would be adversely affected.
  • Turnover of members of our management and our ability to attract and retain key personnel may adversely affect our ability to efficiently manage our business and execute our strategy.
  • Our operational and cost reduction strategies may not generate the improvements and efficiencies we expect.
  • We are dependent on our relationships with key suppliers to obtain equipment and other supplies for our business on acceptable terms.
  • Disruptions in our supply chain could result in adverse effects on our results of operations and financial performance.
  • Disruptions in our information technology systems or a compromise of security with respect to our systems could adversely affect our operating results by limiting our ability to effectively monitor and control our operations, adjust to changing market conditions, implement strategic initiatives or support our online ordering system.
  • Climate change, climate change regulations and greenhouse effects may materially adversely impact our operations and markets.
  • Our rental fleet is subject to residual value risk upon disposition, and may not sell at the prices or in the quantities we expect.
  • We have operations outside the United States, in Canada, Europe, Australia and New Zealand. As a result, we may incur losses from the impact of foreign currency fluctuations and have higher costs than we otherwise would have due to the need to comply with foreign laws.
  • We have a holding company structure and depend in part on distributions from our subsidiaries to pay amounts due on our indebtedness. Certain provisions of law or contractual restrictions could limit distributions from our subsidiaries.
  • We are exposed to a variety of claims relating to our business, and our insurance may not fully cover them.
  • We are subject to numerous environmental and safety regulations. If we are required to incur compliance or remediation costs that are not currently anticipated, our liquidity and operating results could be materially and adversely affected.
  • We have operations throughout the United States, which exposes us to multiple state and local regulations, in addition to federal law and requirements as a government contractor. Changes in applicable law, regulations or requirements, or our material failure to comply with any of them, can increase our costs and have other negative impacts on our business.
  • Our collective bargaining agreements and our relationship with our union-represented employees could disrupt our ability to serve our customers, lead to higher labor costs or the payment of withdrawal liability.

Content analysis

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