URI stock icon

United Rentals
URI

$723.59
2.61%

Market Cap: 48.2B

 

About: United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.

Employees: 26,300

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 14 analysts
0
News positive %
of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

93% more first-time investments, than exits

New positions opened: 170 | Existing positions closed: 88

15% more capital invested

Capital invested by funds: $37B [Q4 2023] → $42.6B (+$5.62B) [Q1 2024]

8% more funds holding

Funds holding: 1,053 [Q4 2023] → 1,135 (+82) [Q1 2024]

6.85% less ownership

Funds ownership: 95.31% [Q4 2023] → 88.45% (-6.85%) [Q1 2024]

10% less call options, than puts

Call options by funds: $1.16B | Put options by funds: $1.29B

23% less funds holding in top 10

Funds holding in top 10: 47 [Q4 2023] → 36 (-11) [Q1 2024]

27% less repeat investments, than reductions

Existing positions increased: 341 | Existing positions reduced: 467

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$400
45%
downside
Avg. target
$717
1%
downside
High target
$796
10%
upside

14 analyst ratings

12 positive
86%
neutral
0%
negative
14%
Truist Securities
Jamie Cook
8%upside
$785
Buy
Maintained
2 Jul 2024
Raymond James
Tim Thein
4%upside
$750
Outperform
Initiated
28 Jun 2024
Citigroup
Kyle Menges
3%upside
$745
Buy
Initiated
26 Jun 2024
JP Morgan
Tami Zakaria
8%upside
$780
Overweight
Initiated
7 Jun 2024
Truist Securities
Jamie Cook
10%upside
$796
Buy
Maintained
29 Apr 2024

Financial journalist opinion

Based on 4 articles about URI published over the past 30 days