There’s Something Awry at United Rentals Inc. (NYSE:URI) Since Share Price Gets Ahead of Fundamentals

The stock of United Rentals Inc. (NYSE:URI) last traded at $386.01, down -0.74% from the previous session.

Data from the available sources indicates that United Rentals Inc. (NYSE:URI) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $915.00 and a low of $269.00, we find $415.00. Given the previous closing price of $388.87, this indicates a potential upside of 6.72 percent. URI stock price is now 8.62% away from the 50-day moving average and 25.12% away from the 200-day moving average. The market capitalization of the company currently stands at $26.72B.

In total, 8 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $425.71 as their price target over the next twelve months.

With the price target reduced from $307 to $269, Bernstein Downgraded its rating from Mkt Perform to Underperform for United Rentals Inc. (NYSE: URI). On March 11, 2022, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $425, while ‘Jefferies’ rates the stock as ‘Hold’.

In other news, Alvarez Jose B, Director bought 177 shares of the company’s stock on Nov 18. The stock was bought for $61,000 at an average price of $344.65. Upon completion of the transaction, the Director now directly owns 10,660 shares in the company, valued at $4.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, VP, Controller Limoges Andrew B. sold 308 shares of the business’s stock. A total of $102,637 was realized by selling the stock at an average price of $333.24. This leaves the insider owning 2,070 shares of the company worth $0.8 million. Insiders disposed of 104,890 shares of company stock worth roughly $40.49 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in URI stock. A new stake in United Rentals Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $311,391,000. SANDLER CAPITAL MANAGEMENT invested $16,261,000 in shares of URI during the first quarter. In the first quarter, J. GOLDMAN & CO LP acquired a new stake in United Rentals Inc. valued at approximately $13,774,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in URI for approximately $13,136,000. KETTLE HILL CAPITAL MANAGEMENT, LLC purchased a new stake in URI valued at around $8,286,000 in the second quarter. In total, there are 1,171 active investors with 93.90% ownership of the company’s stock.

With an opening price of $391.25 on Wednesday morning, United Rentals Inc. (NYSE: URI) set off the trading day. During the past 12 months, United Rentals Inc. has had a low of $230.54 and a high of $393.98. As of last week, the company has a debt-to-equity ratio of 1.56, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for URI is $355.38 and a two-hundred day moving average price translates $308.52 for the stock.

The latest earnings results from United Rentals Inc. (NYSE: URI) was released for Sep, 2022. According to the Rental & Leasing Services Company, earnings per share came in at $9.27, beating analysts’ expectations of $9.06 by 0.21. This compares to $5.63 EPS in the same period last year. The net profit margin was 17.50% and return on equity was 31.80% for URI. The company reported revenue of $3.05 billion for the quarter, compared to $2.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.53 percent. For the current quarter, analysts expect URI to generate $3.22B in revenue.

United Rentals Inc.(URI) Company Profile

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The specialty segment rents specialty construction products, including trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. It also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. The company sells used equipment through its sales force, brokers, website, directly to manufacturers, and at auctions. The company operates a network of 1,360 rental locations in the United States, Canada, Europe, Australia, and New Zealand. United Rentals, Inc. was incorporated in 1997 and is headquartered in Stamford, Connecticut.