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If You Invested $1000 in United Rentals a Decade Ago, This is How Much It'd Be Worth Now
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in United Rentals (URI - Free Report) ten years ago? It may not have been easy to hold on to URI for all that time, but if you did, how much would your investment be worth today?
United Rentals' Business In-Depth
With that in mind, let's take a look at United Rentals' main business drivers.
Headquartered in Stamford, CT, United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 1,525 rental locations in the United States, Canada, Europe, Australia and New Zealand. Moreover, it operates in 49 U.S. states and every Canadian province. The company offers 4,700 classes of equipment for rent at a total original equipment cost (“OEC”) of $20 billion (as of Mar 31, 2023).
The company’s customer base includes construction and industrial companies, utilities, municipalities, government agencies, independent contractors and homeowners and other individuals that use equipment for projects that range from simple repairs to major renovations. The company’s principal products and services are equipment rental, sale of rental equipment, new equipment, contractor supplies, services and other.
United Rentals serves customers as a single-source solution, provided through two business segments: General Rentals and Specialty or Trench, Power and Fluid Solutions.
General Rentals (accounted for 73.7% of total revenues in 2022) includes the rental of construction, aerial and industrial equipment, general tools and light equipment, along with related services and activities. The segment includes the rental of the following: i) general construction and industrial equipment ii) aerial work platforms and iii) general tools and light equipment. The general rentals segment is comprised of four geographic divisions - Central, Northeast, Southeast and West - and operates throughout the United States and Canada.
Specialty (26.3%) includes the rental of specialty construction products and related services like trench safety equipment, power and HVAC equipment, and fluid solutions equipment.
On Jan 25, 2023, the company unveiled a dividend program wherein the board of directors approved a quarterly dividend of $1.48 per share.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For United Rentals, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in July 2013 would be worth $7,953.91, or a gain of 695.39%, as of July 24, 2023, according to our calculations. This return excludes dividends but includes price appreciation.
The S&P 500 rose 168.09% and the price of gold increased 42.91% over the same time frame in comparison.
Analysts are forecasting more upside for URI too.
Shares of United Rentals outperformed its industry in the past year. The company is benefitting from persistent share growth opportunities for certain non-residential verticals, including datacenters, distribution centers and renewables as well as the automotive and ship plants. Also, the company is expanding geographic borders and product portfolio through acquisitions and joint ventures. The company enjoys strong brand recognition, which enables it to draw customers and build customer loyalty. In 2023 the company expects to deliver another profitable year, strong cash flow, and attractive returns for shareholders backed by substantial opportunities across various federally funded projects. However, volatile oil & natural gas prices and intense industry competition impact growth. Earnings estimates for 2023 decreased in the past 60 days.
The stock is up 11.39% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 2 higher, for fiscal 2023. The consensus estimate has moved up as well.
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If You Invested $1000 in United Rentals a Decade Ago, This is How Much It'd Be Worth Now
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in United Rentals (URI - Free Report) ten years ago? It may not have been easy to hold on to URI for all that time, but if you did, how much would your investment be worth today?
United Rentals' Business In-Depth
With that in mind, let's take a look at United Rentals' main business drivers.
Headquartered in Stamford, CT, United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 1,525 rental locations in the United States, Canada, Europe, Australia and New Zealand. Moreover, it operates in 49 U.S. states and every Canadian province. The company offers 4,700 classes of equipment for rent at a total original equipment cost (“OEC”) of $20 billion (as of Mar 31, 2023).
The company’s customer base includes construction and industrial companies, utilities, municipalities, government agencies, independent contractors and homeowners and other individuals that use equipment for projects that range from simple repairs to major renovations. The company’s principal products and services are equipment rental, sale of rental equipment, new equipment, contractor supplies, services and other.
United Rentals serves customers as a single-source solution, provided through two business segments: General Rentals and Specialty or Trench, Power and Fluid Solutions.
General Rentals (accounted for 73.7% of total revenues in 2022) includes the rental of construction, aerial and industrial equipment, general tools and light equipment, along with related services and activities. The segment includes the rental of the following: i) general construction and industrial equipment ii) aerial work platforms and iii) general tools and light equipment. The general rentals segment is comprised of four geographic divisions - Central, Northeast, Southeast and West - and operates throughout the United States and Canada.
Specialty (26.3%) includes the rental of specialty construction products and related services like trench safety equipment, power and HVAC equipment, and fluid solutions equipment.
On Jan 25, 2023, the company unveiled a dividend program wherein the board of directors approved a quarterly dividend of $1.48 per share.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For United Rentals, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in July 2013 would be worth $7,953.91, or a gain of 695.39%, as of July 24, 2023, according to our calculations. This return excludes dividends but includes price appreciation.
The S&P 500 rose 168.09% and the price of gold increased 42.91% over the same time frame in comparison.
Analysts are forecasting more upside for URI too.
Shares of United Rentals outperformed its industry in the past year. The company is benefitting from persistent share growth opportunities for certain non-residential verticals, including datacenters, distribution centers and renewables as well as the automotive and ship plants. Also, the company is expanding geographic borders and product portfolio through acquisitions and joint ventures. The company enjoys strong brand recognition, which enables it to draw customers and build customer loyalty. In 2023 the company expects to deliver another profitable year, strong cash flow, and attractive returns for shareholders backed by substantial opportunities across various federally funded projects. However, volatile oil & natural gas prices and intense industry competition impact growth. Earnings estimates for 2023 decreased in the past 60 days.
The stock is up 11.39% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 2 higher, for fiscal 2023. The consensus estimate has moved up as well.