United Rentals (URI) Stock Price, News & Analysis

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United Rentals in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" URI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in URI, but not buy additional shares or sell existing shares.
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12 brokers have issued 1 year price targets for United Rentals' stock. Their URI share price targets range from $400.00 to $793.00. On average, they expect the company's stock price to reach $589.21 in the next year. This suggests that the stock has a possible downside of 10.8%.
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United Rentals' stock was trading at $573.42 at the start of the year. Since then, URI shares have increased by 15.2% and is now trading at $660.76.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our URI earnings forecast.

United Rentals will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-6054 with passcode "24462".

United Rentals, Inc. (NYSE:URI) posted its quarterly earnings data on Wednesday, January, 24th. The construction company reported $11.26 earnings per share for the quarter, topping the consensus estimate of $10.85 by $0.41. The construction company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.63 billion. United Rentals had a net margin of 16.91% and a trailing twelve-month return on equity of 36.80%. United Rentals's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $9.74 earnings per share.
Read the conference call transcript.

United Rentals declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Wednesday, February 14th will be given a dividend of $1.63 per share on Wednesday, February 28th. This represents a $6.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from the stock's previous quarterly dividend of $1.48.
Read our dividend analysis for URI.

United Rentals (NYSE:URI) pays an annual dividend of $6.52 per share and currently has a dividend yield of 0.97%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, URI will have a dividend payout ratio of 14.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for URI.

ETFs with the largest weight of United Rentals (NYSE:URI) stock in their portfolio include First Trust Nasdaq Transportation ETF (FTXR), Adaptive Core ETF (RULE), Mohr Growth ETF (MOHR), Global X U.S. Infrastructure Development ETF (PAVE), AXS Astoria Inflation Sensitive ETF (PPI), Putnam Focused Large Cap Value ETF (PVAL), Invesco Dorsey Wright Industrials Momentum ETF (PRN) and Touchstone Climate Transition ETF (HEAT).

United Rentals declared that its board has authorized a stock buyback program on Wednesday, January 24th 2024, which permits the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

United Rentals updated its FY 2024 earnings guidance on Thursday, January, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $14.7 billion-$15.2 billion, compared to the consensus revenue estimate of $14.8 billion.

144 employees have rated United Rentals Chief Executive Officer Matthew Flannery on Glassdoor.com. Matthew Flannery has an approval rating of 96% among the company's employees. This puts Matthew Flannery in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other United Rentals investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), AutoZone (AZO) and Transocean (RIG).

United Rentals' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include AMF Tjanstepension AB (0.38%), Atwood & Palmer Inc. (0.08%), F&V Capital Management LLC (0.05%), Douglas Lane & Associates LLC (0.03%), Central Bank & Trust Co. (0.02%) and Signet Financial Management LLC (0.02%). Insiders that own company stock include Andrew B Limoges, Craig Adam Pintoff, Dale A Asplund, Jessica Graziano, Jose B Alvarez, Matthew John Flannery, Shiv Singh and William E Grace.
View institutional ownership trends.

Shares of URI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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