Analysts Set United Rentals, Inc. (NYSE:URI) Target Price at $770.71

Shares of United Rentals, Inc. (NYSE:URI) have earned an average rating of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $770.71.

Several research firms have recently issued reports on URI. Truist Financial upped their price objective on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Citigroup boosted their price objective on shares of United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Robert W. Baird lifted their target price on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Finally, Barclays increased their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th.

United Rentals Price Performance

Shares of NYSE:URI opened at $716.54 on Friday. United Rentals has a one year low of $533.70 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market cap of $47.02 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.83 and a beta of 1.66. The firm has a 50 day simple moving average of $815.52 and a 200 day simple moving average of $753.42.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business earned $11.73 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Research analysts predict that United Rentals will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, November 13th. United Rentals’s dividend payout ratio is 17.03%.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after purchasing an additional 105,287 shares during the period. Principal Financial Group Inc. raised its position in United Rentals by 3.3% in the third quarter. Principal Financial Group Inc. now owns 79,235 shares of the construction company’s stock worth $64,159,000 after acquiring an additional 2,554 shares during the period. Copley Financial Group Inc. purchased a new position in United Rentals in the third quarter valued at about $207,000. Retirement Systems of Alabama grew its position in shares of United Rentals by 250.7% during the 3rd quarter. Retirement Systems of Alabama now owns 51,512 shares of the construction company’s stock valued at $41,711,000 after acquiring an additional 36,823 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of United Rentals during the 3rd quarter worth approximately $2,990,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

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.