United Rentals (URI)

• Market cap: $48.7B
• 1 day: 1.59%
• 5 days: 13.37%
• 1 month: -3.06%
• 3 months: -11.06%
• 6 months: 4.82%
• Year to date: 7.49%
• 1 year: 32.14%
• 5 years: 378.72%
• 10 years: 792.18%
• Sector: Industrials
• Industry: Equipment Rental & Leasing

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

• Low target: $565 24% downside
• Avg. target: $802 8% upside
• High target: $965 30% upside

6 analyst ratings

• positive: 4 67%
• neutral: 1 17%
• negative: 1 17%

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