|By PR Newswire||
|April 8, 2014 02:21 AM EDT||
NEW YORK, April 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding United Rentals, Inc. (NYSE: URI),
Avis Budget Group, Inc. (NASDAQ: CAR), Ryder System, Inc. (NYSE: R), Aaron's, Inc. (NYSE: AAN), and GATX Corp. (NYSE: GMT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
United Rentals, Inc. Analyst Notes
On April 1, 2014, United Rentals, Inc. (United Rentals) announced its acquisition of National Pump for a combined asset purchase price of c. $780 million, consisting of c. $765 million in cash, and c. $15 million in stock. United Rentals reported that transaction structure provides for additional cash consideration based on achievement of certain financial targets. According to the Company, the acquired assets include 37 branch facilities operating in United States and Canada, making United Rentals the second largest provider of pump rentals in North America. Michael Kneeland, United Rentals' President and CEO, said, "We've now gained a strong entry into the highly attractive business of pump rentals. Our acquired operations have the right scale to be a platform for the expansion we envision - which is to double our pump rental revenues within five years while realizing a favorable return on capital." The full analyst notes on United Rentals, Inc. will be available to download free of charge at:
Avis Budget Group, Inc. Analyst Notes
On March 31, 2014, Avis Budget Group, Inc. (Avis Budget Group) announced that its SiriusXM is now available to a majority of Avis Car Rental and Budget Car Rental customers via factory-installed satellite radios. According to the Company, the new offering would avail an easier access to commercial-free music, sports talk, live events, comedy, news, and other talk programming in radio. According to the Company, the in-dash access to SiriusXM replaces the portable plug and play satellite radio previously offered to Avis and Budget renters, and the product is available in more than 60% of Avis Budget Group's fleet available at rental locations across the US. In addition, SiriusXM will be available for $6.99 for the first rental day, and $3.99 for each additional rental day; $19.99 per week (rentals of five to seven days); and a maximum of $29.95 per rental. The full analyst notes on Avis Budget Group, Inc. are available to download free of charge at:
Ryder System, Inc. Analyst Notes
On March 31, 2014, Ryder System, Inc. (Ryder System) announced that it surpassed a milestone of 20 million miles with a fleet of over 500 natural gas vehicles, replacing approximately 3.1 million gallons of diesel fuel and reducing emissions by more than 559,000 metric tons of carbon dioxide equivalent (MTCO2e). Robert Sanchez, Chairman and CEO, Ryder, said, "We are proud to make investments in alternative fuel solutions, which will further support the wider adoption of natural gas vehicles for commercial transportation. We pride ourselves on listening to the needs of the marketplace and developing the solutions that will help drive the industry forward." The full analyst notes on Ryder System, Inc. are available to download free of charge at:
Aaron's, Inc. Analyst Notes
On April 1, 2014, Aaron's, Inc. (Aaron's) issued a statement to shareholders. Following is an abstract from the statement - "As previously announced, the Aaron's Board of Directors has formed a Transaction Committee to undertake a broad review of opportunities to enhance long-term value for all of Aaron's shareholders, including the evaluation of the unsolicited proposal received from Vintage Capital Management to acquire all outstanding common shares of Aaron's for $30.50 per share. As part of this review, the Company and our independent financial advisors continue to participate in discussions with our shareholders so that their perspectives are taken into careful consideration. The Aaron's Board is also continuing to review the Company's overall governance and compensation practices. In addition, Aaron's values the views of its franchisees, who are a critical component of the company's overall business, and has engaged in an ongoing dialogue with them, including at the recent Annual Managers Meeting." The full analyst notes on Aaron's, Inc. are available to download free of charge at:
GATX Corp. Analyst Notes
On March 24, 2014, GATX Corp. (GATX) announced its purchase of over 18,500 boxcars from GE Capital Rail Services' North American per diem boxcar fleet for c. $340 million. The Company informed that it expects the newly acquired fleet to generate c. $70 million in annual revenue. Brian A. Kenney, President and CEO, GATX, said, "This fleet acquisition establishes GATX as the leader in the boxcar leasing market and adds a significant number of railcars to our fleet that are critical-use assets for certain important sectors of the North American economy. Many of the customers utilizing this fleet are existing GATX customers, and this acquisition enhances our ability to meet these customers' broad rail transportation needs. The transaction is expected to be immediately accretive, although at this point we are not adjusting our previously announced 2014 earnings guidance." The full analyst notes on GATX Corp. are available to download free of charge at:
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