URI Stock Summary and Trading Ideas (United Rentals | NYSE:URI)

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% 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 $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.

United Rentals trades on the NYSE stock market under the symbol URI.

As of May 2, 2024, URI stock price climbed to $661.35 with 202,544 million shares trading.

URI has a beta of 2.20, meaning it tends to be more sensitive to market movements. URI has a correlation of 0.54 to the broad based SPY ETF.

URI has a market cap of $44.04 billion. This is considered a Large Cap stock.

Last quarter United Rentals reported $3 billion in Revenue and $9.15 earnings per share. This beat revenue expectation by $45 million and exceeded earnings estimates by $.83.

In the last 3 years, URI stock traded as high as $732.37 and as low as $230.54.

The top ETF exchange traded funds that URI belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

URI has outperformed the market in the last year with a price return of +84.6% while the SPY ETF gained +22.9%. However, in the short term, URI had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.7% vs +3.3% return in SPY. But in the last 2 weeks, URI shares have fared better than the market returning +3.9% compared to SPY +0.7%.

URI support price is $638.99 and resistance is $668.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that URI stock will trade within this expected range on the day.