United Rentals (NYSE:URI) Hits New 1-Year High – Still a Buy?

Shares of United Rentals, Inc. (NYSE:URI) hit a new 52-week high on Thursday . The stock traded as high as $951.54 and last traded at $950.59, with a volume of 276855 shares traded. The stock had previously closed at $943.70.

Analysts Set New Price Targets

Several brokerages have recently weighed in on URI. Bank of America upped their target price on United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Barclays upped their target price on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Truist Financial increased their target price on United Rentals from $786.00 to $952.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. UBS Group increased their price target on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group raised their target price on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $834.64.

United Rentals Stock Performance

The company has a market capitalization of $61.16 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.18 and a beta of 1.72. The stock has a fifty day moving average price of $836.54 and a two-hundred day moving average price of $717.97. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $10.70 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given 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 payout ratio is currently 18.52%.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC boosted its position in shares of United Rentals by 13.2% in the second quarter. Orion Porfolio Solutions LLC now owns 5,256 shares of the construction company’s stock worth $3,961,000 after buying an additional 611 shares during the period. Stance Capital LLC acquired a new position in shares of United Rentals in the second quarter worth about $1,416,000. B. Riley Wealth Advisors Inc. bought a new position in United Rentals during the 2nd quarter worth approximately $497,000. Marex Group plc bought a new position in United Rentals during the 2nd quarter worth approximately $1,297,000. Finally, Pitcairn Co. lifted its holdings in United Rentals by 48.5% during the 2nd quarter. Pitcairn Co. now owns 2,576 shares of the construction company’s stock worth $1,941,000 after buying an additional 841 shares during the last quarter. Hedge funds and other institutional investors 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.