United RentalsURI
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1.06% more ownership
Funds ownership: 90.64% [Q1] → 91.69% (+1.06%) [Q2]
5% more repeat investments, than reductions
Existing positions increased: 440 | Existing positions reduced: 418
1% less funds holding
Funds holding: 1,150 [Q1] → 1,144 (-6) [Q2]
5% less first-time investments, than exits
New positions opened: 105 | Existing positions closed: 111
10% less capital invested
Capital invested by funds: $43.7B [Q1] → $39.5B (-$4.23B) [Q2]
22% less funds holding in top 10
Funds holding in top 10: 36 [Q1] → 28 (-8) [Q2]
30% less call options, than puts
Call options by funds: $806M | Put options by funds: $1.15B
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup Kyle Menges 100% 1-year accuracy 3 / 3 met price target | 12%upside $930 | Buy Maintained | 9 Oct 2024 |
Truist Securities Jamie Cook 83% 1-year accuracy 50 / 60 met price target | 15%upside $954 | Buy Maintained | 9 Oct 2024 |
JP Morgan Tami Zakaria 69% 1-year accuracy 9 / 13 met price target | 13%upside $940 | Overweight Maintained | 23 Sept 2024 |
Evercore ISI Group David Raso 91% 1-year accuracy 10 / 11 met price target | 4%downside $795 | Outperform Maintained | 19 Aug 2024 |
Goldman Sachs Jerry Revich 74% 1-year accuracy 14 / 19 met price target | 9%upside $905 | Buy Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 15 articles about URI published over the past 30 days
