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NEW YORK ( TheStreet) -- United Rentals (NYSE: URI) hit a new 52-week high Friday as it is currently trading at $46.85, above its previous 52-week high of $46.70 with 1.3 million shares traded as of 11:40 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. United Rentals has a market cap of $2.93 billion and is part of the services sector and diversified services industry. Shares are up 52.1% year to date as of the close of trading on Thursday. United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It offers approximately 3,000 classes of equipment for rent to customers comprising construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The company has a P/E ratio of 24.3, below the average diversified services industry P/E ratio of 25 and above the S&P 500 P/E ratio of 17.7.