United Rentals (URI)

• Market cap: $38.6B
• 1 day: 1.07%
• 5 days: 2.88%
• 1 month: -4.71%
• 3 months: -23.28%
• 6 months: -29.63%
• Year to date: -14.25%
• 1 year: -7.03%
• 5 years: 463.07%
• 10 years: 513.21%
• Sector: Industrials
• Industry: Rental & Leasing Services

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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

102% more first-time investments, than exits

New positions opened: 206 | Existing positions closed: 102

7% more funds holding

Funds holding: 1,219 [Q3] → 1,300 (+81) [Q4]

4% more repeat investments, than reductions

Existing positions increased: 459 | Existing positions reduced: 440

2% less call options, than puts

Call options by funds: $862M | Put options by funds: $881M

2.75% less ownership

Funds ownership: 92.74% [Q3] → 89.99% (-2.75%) [Q4]

12% less capital invested

Capital invested by funds: $48.4B [Q3] → $42.4B (-$6.03B) [Q4]

29% less funds holding in top 10

Funds holding in top 10: 42 [Q3] → 30 (-12) [Q4]

Research analyst outlook

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

• Low target: $485 18% downside
• Avg. target: $729 23% upside
• High target: $974 65% upside

7 analyst ratings

• positive: 5 71%
• neutral: 1 14%
• negative: 1 14%

JP Morgan Tami Zakaria 26% 1-year accuracy 9 / 35 met price target	27% upside $750	Overweight Maintained	14 Apr 2025
Citigroup Kyle Menges 30% 1-year accuracy 11 / 37 met price target	10% upside $650	Buy Maintained	8 Apr 2025
Truist Securities Jamie Cook 33% 1-year accuracy 29 / 88 met price target	24% upside $732	Buy Maintained	8 Apr 2025
UBS Steven Fisher 27% 1-year accuracy 8 / 30 met price target	18% downside $485	Sell Downgraded	7 Apr 2025
B of A Securities Ross Gilardi 50% 1-year accuracy 3 / 6 met price target	27% upside $750	Buy Maintained	21 Mar 2025