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United Rentals Inc URI Stock Quote

| Rating as of

NYSE: URI

Last close prices updated as of Jan 27, 2023, 10:38 AM EST | USD | BATS BZX Real-Time Price
  • Last Close 431.48
  • Sector Industrials
  • Industry Rental & Leasing Services
  • Investment Style Mid Blend
  • Day Range 430.00  –  437.88
  • Year Range 230.54  –  437.88
  • Market Cap 29.9803 Bil
  • Volume / Avg 257,799.0 /  680,320.6
  • Price / Sales 2.63
  • Price / Book 4.24
  • Forward Div Yield
  • Trailing Div Yield

Morningstar‘s Stock Analysis URI

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United Rentals Posts a Strong Quarter to End 2022; Rental Demand Continues to Show Strength

Dawit Woldemariam Equity Analyst

Analyst Note

| Dawit Woldemariam |

United Rentals continues to post strong performance, benefiting from strong rental demand. During 2022, the company grew sales by 20% year on year, bringing the total to $11.6 billion. The same factors that we’ve been talking about over the past few quarters were at play. Namely, the tight equipment supply market, which has pushed many construction contractors to rent equipment. While we’re starting to hear positive developments on the supply front from original equipment manufacturers, we believe it’ll take time for new equipment to make its way to contractors. That said, we expect 2023 to be another strong year for United Rentals, leading us to forecast 20% top-line growth. Some of the uplift in sales is related to the company’s recent acquisition of Ahern Rentals, the eighth-largest equipment rental company in North America. Putting these factors together, we elected to raise our fair value estimate to $416, up from $358 previously.

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Key Statistics URI

Company Profile URI

Business Description

United Rentals is the world’s largest equipment rental company, and 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 $17.4 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long time periods.

Contact
100 First Stamford Place, Suite 700
Stamford, CT, 06902
Industry Rental & Leasing Services
Employees 24,600

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FAQs for United Rentals Inc Stock

No. URI does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

URI’s market cap is 29.98 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

URI’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

URI’s price/sales is 2.63.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

URI’s price/forward earnings is 10.42.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

URI’s price/book is 4.24.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See URI’s valuation ratios compared to the Market Index.

URI’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare URI’s historical performance against its industry peers and the overall market.