United Rentals (NYSE:URI) Price Target Lowered to $921.00 at Evercore ISI

United Rentals (NYSE:URI) had its price objective cut by Evercore ISI from $974.00 to $921.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other equities research analysts have also recently issued reports on URI. UBS Group raised shares of United Rentals from a “sell” rating to a “neutral” rating and upped their price objective for the company from $485.00 to $780.00 in a research note on Friday. Robert W. Baird upped their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Cfra Research raised shares of United Rentals to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price objective for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $744.31.

United Rentals Price Performance

URI stock opened at $724.19 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals has a one year low of $525.91 and a one year high of $896.98. The stock has a market cap of $47.07 billion, a PE ratio of 18.69, a P/E/G ratio of 1.43 and a beta of 1.70. The firm has a 50 day simple moving average of $629.05 and a two-hundred day simple moving average of $709.03.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the firm earned $9.15 EPS. United Rentals’s quarterly revenue was up 6.7% on a year-over-year basis. On average, analysts predict that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 0.99%. United Rentals’s dividend payout ratio is currently 18.54%.

Insider Activity at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. This represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares of the company’s stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock worth $1,890,567 in the last three months. 0.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC bought a new position in United Rentals in the 4th quarter worth $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals in the 4th quarter worth about $27,000. Meeder Asset Management Inc. grew its position in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after buying an additional 29 shares during the period. TruNorth Capital Management LLC grew its position in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after buying an additional 38 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals in the 1st quarter worth about $26,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Company Profile

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.