United Rentals is a leading equipment rental company that provides a wide range of equipment and tools to various sectors including construction, industrial, and manufacturing
The company specializes in renting out heavy and light equipment, such as excavators, bulldozers, aerial work platforms, and generators, along with offering related services. United Rentals serves both large and small customers by ensuring they have access to the necessary machinery for their projects without the burden of ownership costs and maintenance. Through its extensive network of locations, the company supports a diverse array of projects with reliable and high-quality equipment solutions.
Under the terms of the Herc proposal, H&E shareholders would receive $78.75 in cash and 0.1287 shares of Herc common stock for each share they own, with a total value of $104.89 per share.
Let's take a look at the S&P500 stocks that are experiencing notable price gaps in today's session on Tuesday. Discover the gap up and gap down stocks in the S&P500 index.
Herc Holdings has made a superior acquisition offer to H&E Equipment Services for $104.89 per share, which is based on Herc's 10-day VWAP and expected to close mid-2025. The offer includes $78.75 in cash and 0.1287 shares of Herc stock per H&E share, with expected synergies and revenue growth. This offer is better than the previous offer by United Rentals, which has been waived.
Equipment rental company United Rentals (NYSEURI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 9.8% year on year to $4.10 billion. The company expects the full year’s revenue to be around $15.85 billion, close to analysts’ estimates. Its non-GAAP profit of $11.59 per share was in line with analysts’ consensus estimates.
Three major acquisitions—two of which have been announced and another in development—could provide investors in 2025 an opportunity to reevaluate portfolios.
Explore this week's top-performing mid-cap stocks, including H&E Equipment Services' impressive 100.59% surge following an acquisition announcement by United Rentals. Discover why stocks like SEMrush and Blueprint Medicines also experienced significant gains, impacting investment portfolios positively.
These 11 large-cap stocks saw significant growth last week, with notable news from companies such as Johnson & Johnson, MicroStrategy, and United Rentals.
Shares of equipment rental company United Rentals (NYSEURI) jumped 5.3% in the pre-market session after the company announced it would acquire H&E Equipment Services (HEES) for $92 per share in cash, valuing the deal at approximately $4.8 billion, including $1.4 billion in net debt.
Over the past six months, Trimble has been a great trade, beating the S&P 500 by 16.8%. Its stock price has climbed to $69.30, representing a healthy 21% increase. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Over the past six months, TreeHouse Foods’s shares (currently trading at $33.40) have posted a disappointing 11.6% loss, well below the S&P 500’s 4.2% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
