United Rentals (URI) Stock Price, News & Analysis

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United Rentals in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" URI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in URI, but not buy additional shares or sell existing shares.
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11 equities research analysts have issued twelve-month price targets for United Rentals' shares. Their URI share price targets range from $400.00 to $718.00. On average, they predict the company's share price to reach $542.31 in the next year. This suggests that the stock has a possible downside of 16.6%.
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United Rentals' stock was trading at $573.42 at the beginning of 2024. Since then, URI stock has increased by 13.4% and is now trading at $650.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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United Rentals, Inc. (NYSE:URI) released its earnings results on Wednesday, January, 24th. The construction company reported $11.26 earnings per share for the quarter, beating analysts' consensus estimates of $10.85 by $0.41. The construction company earned $3.73 billion during the quarter, compared to the consensus estimate of $3.63 billion. United Rentals had a trailing twelve-month return on equity of 36.80% and a net margin of 16.91%. The company's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.74 earnings per share.
Read the conference call transcript.

United Rentals declared a quarterly dividend on Wednesday, January 24th. Shareholders of record on Wednesday, February 14th will be given a dividend of $1.63 per share on Wednesday, February 28th. This represents a $6.52 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, February 13th. This is a boost from the stock's previous quarterly dividend of $1.48.
Read our dividend analysis for URI.

United Rentals (NYSE:URI) pays an annual dividend of $5.92 per share and currently has a dividend yield of 0.91%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, URI will have a dividend payout ratio of 12.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for URI.

ETFs with the largest weight of United Rentals (NYSE:URI) stock in their portfolio include First Trust Nasdaq Transportation ETF (FTXR), Putnam Focused Large Cap Value ETF (PVAL), Global X U.S. Infrastructure Development ETF (PAVE), TCW Transform Supply Chain ETF (SUPP), Invesco Focused Discovery Growth ETF (IVDG), Profound Medical (PRN), AXS Astoria Inflation Sensitive ETF (PPI) and Innovator IBD 50 ETF (FFTY).

United Rentals declared that its board has initiated a share buyback plan on Wednesday, January 24th 2024, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

United Rentals updated its FY 2024 earnings guidance on Thursday, January, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $14.7 billion-$15.2 billion, compared to the consensus revenue estimate of $14.8 billion.

144 employees have rated United Rentals Chief Executive Officer Matthew Flannery on Glassdoor.com. Matthew Flannery has an approval rating of 96% among the company's employees. This puts Matthew Flannery in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other United Rentals investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), AutoZone (AZO) and Transocean (RIG).

United Rentals' stock is owned by a number of retail and institutional investors. Top institutional investors include Norges Bank (2.54%), Dimensional Fund Advisors LP (1.85%), International Assets Investment Management LLC (1.54%), Boston Partners (1.33%), Impax Asset Management Group plc (1.21%) and Nordea Investment Management AB (1.04%). Insiders that own company stock include Andrew B Limoges, Craig Adam Pintoff, Dale A Asplund, Jessica Graziano, Jose B Alvarez, Matthew John Flannery, Shiv Singh and William E Grace.
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Shares of URI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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