United Rentals (URI) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United Rentals in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" URI shares.
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12 Wall Street research analysts have issued twelve-month price targets for United Rentals' stock. Their URI share price forecasts range from $320.00 to $527.00. On average, they anticipate the company's share price to reach $455.25 in the next year. This suggests a possible upside of 0.6% from the stock's current price.
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United Rentals' stock was trading at $355.42 at the beginning of 2023. Since then, URI stock has increased by 27.3% and is now trading at $452.54.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our URI earnings forecast.

United Rentals, Inc. (NYSE:URI) issued its earnings results on Wednesday, July, 26th. The construction company reported $9.88 earnings per share for the quarter, beating the consensus estimate of $9.23 by $0.65. The construction company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. United Rentals had a trailing twelve-month return on equity of 36.67% and a net margin of 17.34%. United Rentals's revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the business earned $7.86 earnings per share.
Read the conference call transcript.

United Rentals declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Wednesday, August 9th will be given a dividend of $1.48 per share on Wednesday, August 23rd. This represents a $5.92 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, August 8th.
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), Engine No. 1 Transform Supply Chain ETF (SUPP), Invesco Focused Discovery Growth ETF (IVDG), AXS Astoria Inflation Sensitive ETF (PPI), Innovator IBD 50 ETF (FFTY) and Touchstone Climate Transition ETF (HEAT).

United Rentals (NYSE:URI) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.35%. The dividend payout ratio is 18.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, URI will have a dividend payout ratio of 13.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for URI.

United Rentals declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 26th 2022, which authorizes the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

United Rentals issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $14.00 billion-$14.30 billion, compared to the consensus revenue estimate of $14.12 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 a number of retail and institutional investors. Top institutional shareholders include State Street Corp (4.95%), Capital Research Global Investors (3.38%), Capital World Investors (3.09%), Geode Capital Management LLC (2.15%), Dimensional Fund Advisors LP (1.71%) and Boston Partners (1.47%). Insiders that own company stock include Andrew B Limoges, Craig Adam Pintoff, Dale A Asplund, 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 $452.54.

United Rentals (NYSE:URI) has a market capitalization of $30.90 billion and generates $11.64 billion in revenue each year. The construction company earns $2.11 billion in net income (profit) each year or $32.86 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.