United Rentals, Inc. (NYSE:URI) Receives $829.00 Average PT from Analysts

Shares of United Rentals, Inc. (NYSE:URI) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $829.00.

A number of equities research analysts have weighed in on URI shares. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley cut their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

United Rentals Stock Up 1.5 %

Shares of URI opened at $609.89 on Thursday. United Rentals has a 52 week low of $585.27 and a 52 week high of $896.98. The firm has a market capitalization of $39.83 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a 50-day simple moving average of $705.09 and a 200-day simple moving average of $762.28. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, equities research analysts expect that United Rentals will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $1.79 dividend. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.17%. United Rentals’s payout ratio is presently 18.48%.

Insiders Place Their Bets

In related news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction dated Monday, February 24th. The stock was 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 of the company’s stock, valued at $4,390,128. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On United Rentals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URI. Northstar Financial Companies Inc. bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $259,000. Centaurus Financial Inc. lifted its holdings in United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company’s stock worth $704,000 after buying an additional 17 shares in the last quarter. Mattson Financial Services LLC boosted its position in United Rentals by 12.1% in the 4th quarter. Mattson Financial Services LLC now owns 3,020 shares of the construction company’s stock valued at $2,127,000 after buying an additional 325 shares during the last quarter. Probity Advisors Inc. increased its stake in shares of United Rentals by 3.8% in the 4th quarter. Probity Advisors Inc. now owns 1,737 shares of the construction company’s stock valued at $1,224,000 after buying an additional 63 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at $132,000. 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.