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 $22 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 Q3 regulatory filings by fund managers ($100M+ AUM)
109% more first-time investments, than exits
New positions opened: 157 | Existing positions closed: 75
50% more funds holding in top 10
Funds holding in top 10: 28 [Q2] → 42 (+14) [Q3]
32% more capital invested
Capital invested by funds: $41.1B [Q2] → $54.2B (+$13.1B) [Q3]
12% more repeat investments, than reductions
Existing positions increased: 461 | Existing positions reduced: 411
6% more funds holding
Funds holding: 1,149 [Q2] → 1,213 (+64) [Q3]
2% less call options, than puts
Call options by funds: $955M | Put options by funds: $975M
1.3% less ownership
Funds ownership: 95.44% [Q2] → 94.14% (-1.3%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup Kyle Menges 21% 1-year accuracy 5 / 24 met price target | 13%upside $835 | Buy Maintained | 14 Jan 2025 |
Baird Mircea Dobre 27% 1-year accuracy 4 / 15 met price target | 11%downside $658 | Neutral Upgraded | 14 Jan 2025 |
Truist Securities Jamie Cook 54% 1-year accuracy 43 / 80 met price target | 30%upside $965 | Buy Maintained | 19 Dec 2024 |
Argus Research John Eade 54% 1-year accuracy 13 / 24 met price target | 19%upside $880 | Buy Maintained | 20 Nov 2024 |
Barclays Adam Seiden 47% 1-year accuracy 9 / 19 met price target | 24%downside $565 | Underweight Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 8 articles about URI published over the past 30 days