United Rentals (NYSE:URI) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of United Rentals (NYSE:URIFree Report) in a research note released on Friday morning, MarketBeat reports. The firm issued an overweight rating and a $780.00 target price on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus upped their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a buy rating in a research report on Friday, April 26th. Truist Financial upped their target price on shares of United Rentals from $793.00 to $796.00 and gave the company a buy rating in a report on Monday, April 29th. The Goldman Sachs Group lifted their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Evercore ISI raised their target price on United Rentals from $575.00 to $740.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. Finally, Oppenheimer reiterated a market perform rating on shares of United Rentals in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $612.73.

View Our Latest Stock Report on United Rentals

United Rentals Trading Up 2.0 %

Shares of URI stock opened at $643.40 on Friday. The stock has a market capitalization of $42.84 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.05 and a beta of 1.75. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The firm’s 50 day moving average is $675.07 and its 200 day moving average is $626.53. United Rentals has a 12-month low of $382.24 and a 12-month high of $732.37.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Activity at United Rentals

In other United Rentals 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 value 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 filing with the SEC, which can be accessed through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Institutional Trading of United Rentals

Several hedge funds have recently made changes to their positions in URI. NBC Securities Inc. bought a new stake in shares of United Rentals in the 3rd quarter valued at approximately $29,000. Jump Financial LLC bought a new position in United Rentals during the third quarter valued at $201,000. Spire Wealth Management raised its stake in shares of United Rentals by 10.7% in the third quarter. Spire Wealth Management now owns 835 shares of the construction company’s stock valued at $371,000 after acquiring an additional 81 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of United Rentals by 0.8% in the third quarter. Atria Wealth Solutions Inc. now owns 3,015 shares of the construction company’s stock valued at $1,340,000 after acquiring an additional 23 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of United Rentals by 6.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock worth $9,588,000 after acquiring an additional 1,304 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

About United Rentals

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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.

Further Reading

Analyst Recommendations for United Rentals (NYSE:URI)

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