United Rentals (URI)

• Market cap: $47.4B
• 1 day: 1.65%
• 5 days: -7.36%
• 1 month: -11.93%
• 3 months: -7.78%
• 6 months: 13.05%
• Year to date: 27.43%
• 1 year: 29.44%
• 5 years: 331.87%
• 10 years: 605.91%
• 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)

67% more first-time investments, than exits

New positions opened: 155 | Existing positions closed: 93

50% more funds holding in top 10

Funds holding in top 10: 28 [Q2] → 42 (+14) [Q3]

19% more capital invested

Capital invested by funds: $40.6B [Q2] → $48.5B (+$7.86B) [Q3]

12% more repeat investments, than reductions

Existing positions increased: 461 | Existing positions reduced: 410

5% more funds holding

Funds holding: 1,148 [Q2] → 1,210 (+62) [Q3]

2% less call options, than puts

Call options by funds: $955M | Put options by funds: $975M

1.47% less ownership

Funds ownership: 94.41% [Q2] → 92.95% (-1.47%) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $565 22% downside
• Avg. target: $874 21% upside
• High target: $985 36% upside

6 analyst ratings

• positive: 5 83%
• neutral: 0 0%
• negative: 1 17%

Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target	34% upside $965	Buy Maintained	19 Dec 2024
Citigroup Kyle Menges 29% 1-year accuracy 5 / 17 met price target	36% upside $985	Buy Maintained	9 Dec 2024
Argus Research John Eade 71% 1-year accuracy 17 / 24 met price target	22% upside $880	Buy Maintained	20 Nov 2024
Barclays Adam Seiden 63% 1-year accuracy 12 / 19 met price target	22% downside $565	Underweight Maintained	25 Oct 2024
B of A Securities Ross Gilardi 25% 1-year accuracy 1 / 4 met price target	26% upside $910	Buy Maintained	24 Oct 2024