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United Rentals (URI) operates as an equipment rental company.
It offers approximately 3,300 classes of equipment for rent to customers comprising construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
The company’s fleet of rental equipment includes general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms consisting of boom lifts and scissor lifts; and general tools and light equipment, including pressure washers, water pumps, and power tools. Its fleet also comprises trench safety equipment, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; and power and heating, ventilating, and air conditioning equipment, which consists of portable diesel generators, electrical distribution equipment, and temperature control equipment, including heating and cooling equipment.
In addition, the company sells new and used equipment, as well as related contractor supplies, parts, and service; and offers repair, maintenance, and rental protection services. As of January 1, 2013, the company operated 836 rental locations in the United States and Canada.
The Company reported earnings on July 17 that beat the estimates. Since the report, shares have formed a bullish "flag", and higher share prices are expected for the stock.
52-Week Tradign Range: $26.91 - $59.74
Entry Point: $55.20
Stop Loss: $52.30
Target Price: $60.70
URI closed at $57.06 after it failed to reach our target price in 30 days or less. We still believe in this company.
