United Rentals
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. 2024 revenue totaled $15.3 billion.
Employees: 27,900
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
10% more call options, than puts
Call options by funds: $731M | Put options by funds: $664M
8% more repeat investments, than reductions
Existing positions increased: 488 | Existing positions reduced: 450
2.8% less ownership
Funds ownership: 90.08% [Q4 2024] → 87.27% (-2.8%) [Q1 2025]
4% less funds holding
Funds holding: 1,305 [Q4 2024] → 1,247 (-58) [Q1 2025]
11% less first-time investments, than exits
New positions opened: 127 | Existing positions closed: 143
16% less capital invested
Capital invested by funds: $42.4B [Q4 2024] → $35.7B (-$6.7B) [Q1 2025]
17% less funds holding in top 10
Funds holding in top 10: 30 [Q4 2024] → 25 (-5) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Evercore ISI Group David Raso | 29%upside $921 | Outperform Maintained | 19 May 2025 |
UBS Steven Fisher | 9%upside $780 | Neutral Upgraded | 16 May 2025 |
Truist Securities Jamie Cook | 10%upside $786 | Buy Maintained | 25 Apr 2025 |
Baird Mircea Dobre | 20%downside $571 | Neutral Maintained | 25 Apr 2025 |
JP Morgan Tami Zakaria | 5%upside $750 | Overweight Maintained | 14 Apr 2025 |
Financial journalist opinion
Based on 11 articles about URI published over the past 30 days









