JPMorgan Chase & Co. Issues Positive Forecast for United Rentals (NYSE:URI) Stock Price

United Rentals (NYSE:URI) had its price target lifted by JPMorgan Chase & Co. from $1,000.00 to $1,150.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

URI has been the subject of several other research reports. KeyCorp increased their target price on shares of United Rentals from $960.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. UBS Group increased their target price on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. The Goldman Sachs Group increased their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Citigroup reiterated a “buy” rating and issued a $810.00 target price (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Finally, Truist Financial increased their target price on shares of United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $862.50.

United Rentals Trading Up 0.2%

Shares of NYSE:URI opened at $943.48 on Monday. The company has a market cap of $60.70 billion, a P/E ratio of 24.40, a P/E/G ratio of 2.18 and a beta of 1.72. The stock’s 50-day moving average is $903.12 and its 200-day moving average is $753.32. United Rentals has a 52-week low of $525.91 and a 52-week high of $980.53. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the business posted $10.70 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts predict that United Rentals will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is currently 18.52%.

Institutional Trading of United Rentals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Point Wealth Partners LLC increased its holdings in shares of United Rentals by 32.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock valued at $1,391,000 after purchasing an additional 550 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of United Rentals in the first quarter valued at approximately $602,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of United Rentals by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after purchasing an additional 789 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in United Rentals by 101.6% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company’s stock worth $543,000 after acquiring an additional 433 shares during the period. Finally, Brookwood Investment Group LLC acquired a new stake in United Rentals during the 1st quarter worth $2,966,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

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.