In this piece, we will take a look at the five biggest leasing companies in the world. For more companies, head on over to 12 Biggest Leasing Companies in the World.
5. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)
Market Capitalization as of November 13, 2022: $9.7 billion
WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is an American work and portable storage provider. The firm leases out storage space to customers such as individuals, corporations, and governments. It has close to 600,000 portable storage, modular storage, and tanks in its portfolio. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is headquartered in Phoenix, Arizona.
WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) raised its revenue guidance above consensus analyst estimates in November 2022. It outlined that revenue by the end of this year should range between $2.34 and $2.4 billion, with analysts pegging it at $2.25 billion. Subsequently, Baird raised its share price target to $53 from $45 during the same month.
WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s latest market capitalization sits at $9.7 billion.
Clearbridge Investments mentioned the company in its third quarter 2022 investor letter. In it, the fund commented that:
“WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), which falls into the evolving opportunity segment of the portfolio that includes companies with specific drivers toward operating improvement, continued to execute on its merger with Mobile Mini by driving value-added sales in a more resilient business model and generating abundant free cash flow.”
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4. AMERCO (NASDAQ:UHAL)
Market Capitalization as of November 13, 2022: $10.37 billion
AMERCO (NASDAQ:UHAL) provides a wide variety of storage and rental services such as storage units, trucks, trailers, and self storage spaces. It is headquartered in Reno, Nevada, the United States.
AMERCO (NASDAQ:UHAL) is one of the oldest leasing companies in the game, and the firm has close to 400,000 trucks, trailers, and towing devices in its portfolio. It serves more than 50,000 locations all over the U.S. and Canada. The firm also has 2,188 storage locations with more than 75 million square feet of self storage space.
AMERCO (NASDAQ:UHAL)’s latest market capitalization sits at $10.37 billion.
AMERCO (NASDAQ:UHAL)’s largest investor is Donald Yacktman’s Yacktman Asset Management which owns 733,498 shares that are worth $350 million.
Follow U-Haul Holding Co (NASDAQ:UHALB)
Follow U-Haul Holding Co (NASDAQ:UHALB)
3. Localiza Rent a Car S.A. (OCTMKTS:LZRFY)
Market Capitalization as of November 13, 2022: $11.75 billion
Localiza Rent a Car S.A. (OCTMKTS:LZRFY) is a Brazilian company that provides car leasing and franchising all over the globe. The company has 273,333 cars in its portfolio and hundreds of rental agencies all over the globe. It is headquartered in Belo Horizonte, Brazil.
Localiza Rent a Car S.A. (OCTMKTS:LZRFY) added 22,000 new cars to its fleet during the second quarter of this year, and its fleet rental division had a strong order backlog of more than 20,000 cars. The company posted more than R$3 billion in revenue and an LTM return on invested capital (ROIC) of 18.1% during the quarter. Localiza Rent a Car S.A. (OCTMKTS:LZRFY) car rental revenue was R$1.3 billion during the quarter and its fleet rental revenue was R$378 million.
Localiza Rent a Car S.A. (OCTMKTS:LZRFY) has an $11.75 billion market capitalization.
2. United Rentals, Inc. (NYSE:URI)
Market Capitalization as of November 13, 2022: $24.21 billion
United Rentals, Inc. (NYSE:URI) is an industrials company that rents out forklifts, loaders, material handling equipment, scissor lifts, and aerial work platforms among others. The firm is headquartered in Stamford, Connecticut, the United States.
United Rentals, Inc. (NYSE:URI) is a cash flow king, and it outlined after its second quarter that by the end of this year, its operating income will stand at $5.5 billion, allowing it to post around $2 billion in free cash flow. The firm’s fleet productivity, which combines its rental rate and utilization, grew by 11.3% during the second quarter of this year.
United Rentals, Inc. (NYSE:URI) has a $24.21 billion market capitalization, and the firm’s shares are up by 5.65% year to date.
United Rentals, Inc. (NYSE:URI)’s largest investor is Andrew Wellington and Jeff Keswin’s Lyrical Asset Management which owns 1.1 million shares that are worth $285 million.
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1. Ashtead Group plc (OTCMKTS:ASHTY)
Market Capitalization as of November 13, 2022: $26.14 billion
Ashtead Group plc (OTCMKTS:ASHTY) is an American industrial and general equipment renting company that operates in the U.K., its home country, and Canada. The firm is headquartered in Stamford, Connecticut.
Ashtead Group plc (OTCMKTS:ASHTY) has outperformed technology giants Google, Facebook, Amazon, and others when it comes to net profit margin and revenue growth since 2010, as its net profit margin is 17.5% and revenue growth is 22%. If this weren’t enough, the firm’s receivable turnover rate, which measures the time that it takes for it to get paid for its services, is one tenth of the industry average of 57.7 and sits at 5.7.
Ashtead Group plc (OTCMKTS:ASHTY)’s market capitalization is $26.14 billion.
Disclosure: None. You can also take a look at 15 Biggest Insurance Companies in the World and 10 Best Safe Dividend Stocks for Retirement Portfolios.
