United Rentals Inc. (NYSE: URI) stock fell -2.85% on Wednesday to $333.84 against a previous-day closing price of $343.62. With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.03 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $341.40 whereas the lowest price it dropped to was $331.68. The 52-week range on URI shows that it touched its highest point at $481.99 and its lowest point at $230.54 during that stretch. It currently has a 1-year price target of $433.22. With its current market cap of 22.66 billion, URI has annualized dividend of $5.92 while the current yield stands at 1.77%. Beta for the stock currently stands at 1.82.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of URI was down-trending over the past week, with a drop of -1.88%, but this was down by -11.60% over a month. Three-month performance dropped to -25.25% while six-month performance fell -4.37%. The stock gained 21.77% in the past year, while it has lost -6.07% so far this year. A look at the trailing 12-month EPS for URI yields 31.17 with Next year EPS estimates of 42.68. For the next quarter, that number is 8.99. This implies an EPS growth rate of 55.80% for this year and 7.86% for next year. EPS is expected to grow by 15.05% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.00%.
Float and Shares Shorts:
At present, 69.41 million URI shares are outstanding with a float of 68.36 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.9 million, which was 4.22% higher than short shares on Mar 30, 2023. In addition to Mr. Matthew J. Flannery as the firm’s Pres, CEO & Director, Mr. William Grace serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 96.96% of URI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.51% of URI, in contrast to 39.17% held by mutual funds. Shares owned by individuals account for 36.14%. As the largest shareholder in URI with 11.43% of the stake, The Vanguard Group, Inc. holds 7,858,430 shares worth 7,858,430. A second-largest stockholder of URI, BlackRock Fund Advisors, holds 3,443,840 shares, controlling over 5.01% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in URI, holding 3,339,581 shares or 4.86% stake. With a 3.14% stake in URI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,155,221 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 2.39% of URI stock, is the second-largest Mutual Fund holder. It holds 1,640,537 shares valued at 592.41 million. Vanguard 500 Index Fund holds 2.37% of the stake in URI, owning 1,627,969 shares worth 587.88 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, URI reported revenue of $2.77B and operating income of $716.00M. The EBITDA in the recently reported quarter was $1.27B and diluted EPS was $6.90.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for URI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With URI analysts setting a high price target of $978.00 and a low target of $296.00, the average target price over the next 12 months is $464.78. Based on these targets, URI could surge 192.95% to reach the target high and fall by -11.33% to reach the target low. Reaching the average price target will result in a growth of 39.22% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded URI stock several times over the past three months with 11 Buys and 23 Sells. In these transactions, 11,120 shares were bought while 19,158 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 83,618 while 89,109 shares were sold.
