United Rentals, Inc. (NYSE: URI) stock fell -1.91% on Monday to $471.80 against a previous-day closing price of $480.98. With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $474.63 whereas the lowest price it dropped to was $458.01. The 52-week range on URI shows that it touched its highest point at $492.33 and its lowest point at $325.15 during that stretch. It currently has a 1-year price target of $496.39. With its current market cap of 31.98 billion, URI has annualized dividend of $4.44 while the current yield stands at 0.94%. Beta for the stock currently stands at 1.84.
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 up-trending over the past week, with a rise of 2.00%, but this was up by 16.09% over a month. Three-month performance surged to 6.83% while six-month performance rose 36.28%. The stock gained 35.80% in the past year, while it has gained 32.74% so far this year. A look at the trailing 12-month EPS for URI yields 34.50 with Next year EPS estimates of 42.83. For the next quarter, that number is 10.75. This implies an EPS growth rate of 23.22% for this year and 6.95% for next year. EPS is expected to grow by 16.25% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.52%.
Float and Shares Shorts:
At present, 69.36 million URI shares are outstanding with a float of 67.40 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.99 million, which was 4.42% higher than short shares on Sep 28, 2023. In addition to Mr. Matthew J. Flannery as the firm’s President, CEO & Director, Mr. William Grace serves as its Executive VP & CFO.
Through their ownership of 94.30% of URI’s outstanding shares, institutional investors have majority control over the company.
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 $983.00 and a low target of $302.00, the average target price over the next 12 months is $496.39. Based on these targets, URI could surge 108.35% to reach the target high and fall by -35.99% to reach the target low. Reaching the average price target will result in a growth of 5.21% from current levels.
Summary of Insider Activity:
Insiders traded URI stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 1,194 shares were bought while 15,045 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 86,335 while 85,127 shares were sold.