United Rentals, Inc. (NYSE:URI) Receives Consensus Rating of “Hold” from Analysts

United Rentals, Inc. (NYSE:URIGet Free Report) has earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $600.79.

Several research analysts have weighed in on the company. Stifel Nicolaus increased their price objective on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial increased their price target on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research note on Monday, April 29th. The Goldman Sachs Group upped their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI increased their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th.

Check Out Our Latest Stock Report on United Rentals

United Rentals Trading Down 4.8 %

Shares of NYSE URI opened at $637.51 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The company’s fifty day moving average is $679.94 and its 200-day moving average is $625.34. United Rentals has a twelve month low of $352.89 and a twelve month high of $732.37. The stock has a market cap of $42.45 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 2.18 and a beta of 1.82.

United Rentals (NYSE:URIGet Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.95 EPS. Equities research analysts predict that United Rentals will post 43.61 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.02%. United Rentals’s dividend payout ratio is presently 17.66%.

Insiders Place Their Bets

In other news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of URI. Janney Montgomery Scott LLC lifted its holdings in United Rentals by 6.4% during the third quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock valued at $9,588,000 after purchasing an additional 1,304 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of United Rentals in the 4th quarter worth approximately $2,351,000. Verdence Capital Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter valued at about $257,000. Pinnacle Associates Ltd. raised its position in shares of United Rentals by 55.5% in the 4th quarter. Pinnacle Associates Ltd. now owns 6,413 shares of the construction company’s stock valued at $3,677,000 after purchasing an additional 2,289 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of United Rentals by 46.2% in the fourth quarter. Victory Capital Management Inc. now owns 99,372 shares of the construction company’s stock worth $56,982,000 after purchasing an additional 31,398 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Company Profile

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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.

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Analyst Recommendations for United Rentals (NYSE:URI)

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