United Rentals (URI) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United Rentals in the last year. There are currently 3 sell ratings, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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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12 brokerages have issued 1 year target prices for United Rentals' shares. Their URI share price forecasts range from $269.00 to $498.00. On average, they anticipate the company's stock price to reach $421.08 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
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United Rentals' stock was trading at $355.42 at the beginning of the year. Since then, URI shares have increased by 9.6% and is now trading at $389.71.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our URI earnings forecast.

United Rentals, Inc. (NYSE:URI) posted its quarterly earnings results on Wednesday, April, 26th. The construction company reported $7.95 earnings per share for the quarter, missing the consensus estimate of $8.12 by $0.17. The construction company earned $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. United Rentals had a net margin of 17.65% and a trailing twelve-month return on equity of 36.77%. The firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.73 EPS.
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United Rentals announced a quarterly dividend on Wednesday, April 26th. Shareholders of record on Wednesday, May 10th will be given a dividend of $1.48 per share on Wednesday, May 24th. This represents a $5.92 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, May 9th.
Read our dividend analysis for URI.

ETFs with the largest weight of United Rentals (NYSE:URI) stock in their portfolio include Putnam Focused Large Cap Value ETF (PVAL), First Trust Nasdaq Transportation ETF (FTXR), Global X U.S. Infrastructure Development ETF (PAVE), Pinnacle Focused Opportunities ETF (FCUS), Burney U.S. Factor Rotation ETF (BRNY), Invesco Focused Discovery Growth ETF (IVDG), Nuveen ESG Mid-Cap Growth ETF (NUMG) and Thrivent Small-Mid Cap ESG ETF (TSME).

United Rentals (NYSE:URI) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.60%. The dividend payout ratio is 18.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, URI will have a dividend payout ratio of 13.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for URI.

United Rentals announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 26th 2022, which authorizes the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

United Rentals updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $13.70 billion-$14.20 billion, compared to the consensus revenue estimate of $14.06 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 CA (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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "URI."

United Rentals' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.89%), State Street Corp (4.86%), Envestnet Asset Management Inc. (2.69%), Geode Capital Management LLC (2.10%), Boston Partners (1.81%) and Dimensional Fund Advisors LP (1.73%). Insiders that own company stock include Andrew B Limoges, Craig Adam Pintoff, Dale A Asplund, Donald C Roof, Jessica Graziano, Jose B Alvarez, Matthew John Flannery, Michael Kneeland, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of URI stock can currently be purchased for approximately $389.71.

United Rentals (NYSE:URI) has a market capitalization of $26.78 billion and generates $11.64 billion in revenue each year. The construction company earns $2.11 billion in net income (profit) each year or $31.18 on an earnings per share basis.

The company employs 24,600 workers across the globe.

United Rentals' mailing address is 100 FIRST STAMFORD PLACE SUITE 700, STAMFORD CT, 06902. The official website for the company is www.unitedrentals.com. The construction company can be reached via phone at (203) 622-3131, via email at tgrace@ur.com, or via fax at 203-622-6080.