The General Rentals segment rents the following:
- General construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment
- Aerial work platforms, such as boom and scissor lifts
- General tools and light equipment, comprising pressure washers, water pumps and power tools
It rents to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.
The Specialty segment rents:
- Specialty construction products, including trench safety equipment (trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work)
- Power and heating, ventilating and air conditioning equipment (portable diesel generators, electrical distribution equipment, and temperature control equipment)
- Fluid solutions equipment for fluid containment, transfer and treatment
- Mobile storage equipment and modular office space
This segment serves construction companies involved in infrastructure projects, as well as municipalities and industrial companies. It also sells:
- Aerial lifts, reach forklifts, telehandlers, compressors and generators
- Construction consumables, tools, small equipment and safety supplies
- Parts for equipment its customers own.
It also provides repair and maintenance services. The company operates a network of 1,521 rental locations in North America, Europe, Australia and elsewhere.
United Rental stock investors receive a 1.39% dividend. The BofA Securities price target is $530. The consensus target is just $471.75, and Thursday’s close was at $420.93.
These five outstanding value stocks should continue to do well as the strong rotation to value, cyclical and financial stocks continues for the rest of 2023 and into next year. All are offering solid entry points and could hold their ground much better than high PE growth stocks should we hit a turbulent stretch in the quarter.
Originally published at 24/7 Wall St.
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