United Rentals, Inc. (NYSE:URI) Receives $753.64 Consensus Price Target from Brokerages

United Rentals, Inc. (NYSE:URI) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $753.64.

A number of equities analysts have commented on URI shares. Redburn Atlantic downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective for the company. in a report on Friday. Evercore ISI decreased their price objective on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a report on Monday, May 19th. UBS Group upgraded United Rentals from a “sell” rating to a “neutral” rating and raised their target price for the company from $485.00 to $780.00 in a research note on Friday, May 16th. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and cut their target price for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Finally, Truist Financial raised their target price on United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research note on Friday, April 25th.

United Rentals Stock Down 1.0%

URI stock opened at $688.08 on Friday. United Rentals has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $44.72 billion, a P/E ratio of 17.76, a PEG ratio of 1.43 and a beta of 1.70. The firm has a 50 day simple moving average of $665.72 and a 200-day simple moving average of $689.00.

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

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio is currently 18.54%.

Insider Activity at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in United Rentals during the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the 4th quarter worth about $27,000. Meeder Asset Management Inc. increased its stake in 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 purchasing an additional 29 shares in the last quarter. TruNorth Capital Management LLC increased its stake in 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 purchasing an additional 38 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in United Rentals in the 1st quarter worth about $26,000. 96.26% of the stock is owned by institutional investors and hedge funds.

About United Rentals

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.