United Rentals has officially announced their acquisition of Yak Access from Platinum Equity for a staggering $1.1 billion in cash. This strategic decision is set to propel United Rentals to new heights, broadening their portfolio and solidifying their position in the market.
—
On March 4, 2024, United Rentals made a bold move by acquiring Yak Access from Platinum Equity for a whopping $1.1 billion in cash. This acquisition is a game-changer for United Rentals, as it will not only expand their portfolio but also strengthen their foothold in the market.
United Rentals Inc. (URI) Shows Strong Performance in Stock Market on March 4, 2024
On March 4, 2024, United Rentals Inc. (URI) had a strong performance in the stock market. Trading near the top of its 52-week range and above its 200-day simple moving average, URI showed signs of positive price momentum.
The price of URI shares increased by $7.32 since the market last closed, representing a 1.06% rise. The stock closed at $700.59, showcasing a healthy upward trend. However, in pre-market trading, the stock dropped slightly by $0.06. Despite this minor setback, URI’s overall performance for the day remained positive.
Investors and analysts may view URI’s strong performance as a bullish signal, indicating potential growth and profitability in the future. Trading above its 200-day simple moving average suggests that the stock has been on an upward trajectory over the long term.
United Rentals Inc. (URI) Reports Strong Financial Performance in 2024: Revenue Up 23.11%
On March 4, 2024, United Rentals Inc. (URI) reported its stock performance based on the latest financial data. According to CNN Money, URI’s total revenue for the past year was $14.33 billion, which represents a 23.11% increase compared to the previous year. Net income for URI was reported at $2.42 billion for the past year, showing a 15.15% increase from the previous year. Earnings per share (EPS) for URI stood at $35.28 for the past year, reflecting an 18.95% increase from the previous year. Overall, United Rentals Inc. demonstrated solid financial performance with significant growth in total revenue, net income, and earnings per share compared to the previous year. Investors and analysts may view URI as a strong investment opportunity based on its positive financial indicators and steady performance.
