United Rentals, Inc (NYSE: URI) is 9.45% higher on its value in year-to-date trading and has touched a low of $545.16 and a high of $896.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The URI stock was last observed hovering at around $757.42 in the last trading session, with the day’s gains setting it 13.58%.
Currently trading at $771.00, the stock is 8.27% and -2.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 1.79% at the moment leaves the stock 5.40% off its SMA200. URI registered 40.10% gain for a year compared to 6-month gain of 5.84%. The firm has a 50-day simple moving average (SMA 50) of $787.9144 and a 200-day simple moving average (SMA200) of $731.5311.
The stock witnessed a 0.80% loss in the last 1 month and extending the period to 3 months gives it a -8.87%, and is 14.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 2.69% over the month.
United Rentals, Inc (URI) has around 26300 employees, a market worth around $50.59B and $14.98B in sales. Current P/E ratio is 20.14 and Fwd P/E is 16.65. Profit margin for the company is 17.13%. Distance from 52-week low is 41.43% and -14.04% from its 52-week high. The company has generated returns on investments over the last 12 months (11.94%).
with sales reaching $3.94B over the same period.The EPS is expected to grow by 6.16% this year, but quarterly earnings will post 6.01% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.
United Rentals, Inc (URI) Top Institutional Holders
1687.0 institutions hold shares in United Rentals, Inc (URI), with institutional investors hold 96.98% of the company’s shares. The shares outstanding are 65.70M, and float is at 65.28M with Short Float at 2.54%. Institutions hold 96.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.41 million shares valued at $4.79 billion. The investor’s holdings represent 11.0254% of the URI Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 5.86 million shares valued at $3.79 billion to account for 8.712 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.07 million shares representing 7.5396% and valued at over $3.28 billion, while STATE STREET CORP holds 4.7167 of the shares totaling 3.17 million with a market value of $2.05 billion.
United Rentals, Inc (URI) Insider Activity
The most recent transaction is an insider sale by Leopold Anthony S., the company’s SVP. SEC filings show that Leopold Anthony S. sold 900 shares of the company’s common stock on Oct 28 ’24 at a price of $823.24 per share for a total of $0.74 million. Following the sale, the insider now owns 2044.0 shares.
Still, SEC filings show that on Aug 02 ’24, Gross Joli L. (SVP, Chief LGL & Sustain. Off.) disposed off 360 shares at an average price of $690.00 for $0.25 million. The insider now directly holds 4,090 shares of United Rentals, Inc (URI).
