United Rentals Inc., the world’s largest equipment rental company, has announced it has been added as a component of the S&P 500 Index, effective after the close of trading on Sept. 19.
The S&P 500 is widely recognized as the foremost gauge of large-cap U.S. equity market performance. First published in 1957, it is a market-value weighted index consisting of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. United Rentals has been added as a constituent to the S&P 500® GICS (Global Industry Classification Standard) Trading Companies & Distributors Sub-Industry Index.
Michael J. Kneeland, chief executive officer of United Rentals, said, “Our inclusion in the S&P 500 is a testament to the strength of our growth strategy, the hard work of our employees, and the loyalty of our customers. We are proud that our commitment to value creation has placed us among some of the most respected companies in the world on the S&P 500."
