S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NYSE:URI

United Rentals (URI) Stock Price, News & Analysis

$683.61
+8.03 (+1.19%)
(As of 03/18/2024 ET)
Today's Range
$673.29
$686.99
50-Day Range
$548.02
$712.35
52-Week Range
$325.15
$732.37
Volume
356,665 shs
Average Volume
606,509 shs
Market Capitalization
$45.93 billion
P/E Ratio
19.34
Dividend Yield
0.95%
Price Target
$572.20

United Rentals MarketRank™ Stock Analysis

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
16.3% Downside
$572.20 Price Target
Short Interest
Healthy
4.03% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.87mentions of United Rentals in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$508,106 Sold Last Quarter
Proj. Earnings Growth
6.19%
From $42.83 to $45.48 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.20 out of 5 stars

Construction Sector

10th out of 102 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

3rd out of 12 stocks

URI stock logo

About United Rentals Stock (NYSE:URI)

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The specialty segment rents specialty construction products, including trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. It also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. The company sells used equipment through its sales force, brokers, website, at auctions, and directly to manufacturers. The company operates in the United States, Canada, Europe, Australia, and New Zealand. United Rentals, Inc. was incorporated in 1997 and is headquartered in Stamford, Connecticut.

URI Stock Price History

URI Stock News Headlines

Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Stocks that are trading heavily or have substantial price changes on Monday: Macy’s, United Rentals rise; Apple, Spirit Airlines fall
URI Mar 2024 690.000 put
8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)
THIS cryptocurrency has gained 40% in 6 months. A crypto millionaire who has researched the space for a decade says it will go up 8,788% in 5 years. The name of this cryptocurrency is revealed right here:
URI Sep 2024 440.000 put
URI Jan 2026 440.000 put
URI Mar 2024 672.500 put
They said crypto was dead. It went up 100X.
Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.
United Rentals Completes Acquisition of Yak Access
United Rentals Completes Acquisition of Yak Access
KeyBanc Reaffirms Their Hold Rating on United Rentals (URI)
10 Analysts Have This To Say About United Rentals
URI May 2024 330.000 put
URI Jun 2024 410.000 call
URI Mar 2024 615.000 put
URI Mar 2024 682.500 call
URI Mar 2024 677.500 call
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 2/28 Dividend
2/13/2024
Dividend Payable
2/28/2024
Today
3/19/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Trading Companies & Distributors
CUSIP
91136310
Employees
26,300
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$572.20
High Stock Price Target
$793.00
Low Stock Price Target
$400.00
Potential Upside/Downside
-16.3%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$2.42 billion
Pretax Margin
22.40%

Debt

Sales & Book Value

Annual Sales
$14.33 billion
Cash Flow
$84.61 per share
Book Value
$121.00 per share

Miscellaneous

Free Float
66,836,000
Market Cap
$45.93 billion
Optionable
Optionable
Beta
1.84

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Should I Buy United Rentals Stock? URI Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of United Rentals was last updated on Wednesday, March 13, 2024 at 11:36 PM.

Pros

Here are some ways that investors could benefit from investing in United Rentals, Inc.:

  • United Rentals has a strong position in the equipment rental industry, offering a wide range of construction and industrial equipment for various sectors.
  • The company has shown consistent growth in revenue and profitability over recent periods, indicating a stable financial performance.
  • Recent insider buying activity, such as Allen Investment Management LLC acquiring additional shares, can be seen as a positive signal for the company's future prospects.
  • Positive analyst ratings and price target upgrades from reputable firms like Stifel Nicolaus and Citigroup suggest a favorable outlook for United Rentals.
  • United Rentals' stock price has shown resilience and potential for further growth, making it an attractive investment opportunity.

Cons

Investors should be bearish about investing in United Rentals, Inc. for these reasons:

  • While the company has performed well, it operates in a cyclical industry that can be sensitive to economic downturns, posing a risk to investment returns.
  • High institutional ownership of United Rentals' stock may lead to increased volatility and potential market reactions to large-scale trades by major investors.
  • Market uncertainties and fluctuations in construction activity could impact United Rentals' business operations and financial results.
  • Competitive pressures from other equipment rental companies may limit United Rentals' market share growth and pricing power in the industry.
  • Investors need to carefully monitor the company's debt levels and leverage ratios, as excessive debt could affect United Rentals' financial health and flexibility.

URI Stock Analysis - Frequently Asked Questions

Should I buy or sell United Rentals stock right now?

13 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, 4 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.
View URI analyst ratings
or view top-rated stocks.

What is United Rentals' stock price target for 2024?

13 brokerages have issued 12 month price objectives for United Rentals' stock. Their URI share price targets range from $400.00 to $793.00. On average, they expect the company's share price to reach $572.20 in the next twelve months. This suggests that the stock has a possible downside of 16.3%.
View analysts price targets for URI
or view top-rated stocks among Wall Street analysts.

How have URI shares performed in 2024?

United Rentals' stock was trading at $573.42 at the beginning of 2024. Since then, URI stock has increased by 19.2% and is now trading at $683.61.
View the best growth stocks for 2024 here
.

Are investors shorting United Rentals?

United Rentals saw a drop in short interest in February. As of February 29th, there was short interest totaling 2,690,000 shares, a drop of 15.7% from the February 14th total of 3,190,000 shares. Based on an average trading volume of 627,300 shares, the days-to-cover ratio is currently 4.3 days. Currently, 4.0% of the shares of the stock are sold short.
View United Rentals' Short Interest
.

When is United Rentals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our URI earnings forecast
.

How were United Rentals' earnings last quarter?

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

How often does United Rentals pay dividends? What is the dividend yield for United Rentals?

United Rentals announced a quarterly dividend on Wednesday, January 24th. Shareholders of record on Wednesday, February 14th will be paid 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 0.95%. 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
.

Is United Rentals a good dividend stock?

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 14.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for URI.

How will United Rentals' stock buyback program work?

United Rentals declared that its board has approved a share buyback program on Wednesday, January 24th 2024, which allows the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

What guidance has United Rentals issued on next quarter's earnings?

United Rentals updated its FY 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share 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.

What is Matthew Flannery's approval rating as United Rentals' CEO?

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.

What other stocks do shareholders of United Rentals own?
Who are United Rentals' major shareholders?

United Rentals' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.27%), Capital Research Global Investors (9.52%), Norges Bank (2.54%), Capital World Investors (2.36%), Putnam Investments LLC (2.05%) and Dimensional Fund Advisors LP (1.85%). 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
.

How do I buy shares of United Rentals?

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.
Compare Top Brokerages Here.

Does United Rentals have any subsidiaries?
The following companies are subsidiares of United Rentals: Atlantic Rentals, BakerCorp International Holdings Inc., Blue Mountain Equipment Rental, Blue-Stream Services, BlueLine Rental, Coble Trench Safety, General Finance Corporation, Harbor Point Insurance Company, Leasco Equipment Services, NES Rentals Holdings, National Pump, Neff Rental, Portland U-Rent-It, RSC Holdings, Sandvick Equipment & Supply, Skyreach Equipment, Southern Frac LLC, U.S. Rentals, URVI Inc., United Rentals (Delaware) Inc., United Rentals (North America) Inc., United Rentals Asia Pacific Holdings Pty Ltd, United Rentals Australia Pty Ltd, United Rentals B.V., United Rentals Highway Technologies Gulf LLC, United Rentals International B.V., United Rentals Management GmbH, United Rentals New Zealand, United Rentals PR Inc., United Rentals Realty LLC, United Rentals Receivables LLC II, United Rentals S.A.S., United Rentals U.S. Australasia Holdings Inc, United Rentals UK Limited, and United Rentals of Canada Inc..
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This page (NYSE:URI) was last updated on 3/19/2024 by MarketBeat.com Staff

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