United Rentals, Inc. (NYSE:URI) Receives $1,045.81 Consensus Target Price from Brokerages

Shares of United Rentals, Inc. (NYSE:URI) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $1,070.50.

URI has been the subject of several analyst reports. Citigroup increased their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. UBS Group increased their price target on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Truist Financial set a $1,209.00 price target on shares of United Rentals in a research report on Friday, April 24th. Weiss Ratings raised shares of United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th.

United Rentals Stock Down 1.4%

NYSE:URI opened at $1,123.06 on Wednesday. United Rentals has a 1-year low of $701.59 and a 1-year high of $1,143.69. The company has a 50-day moving average of $986.77 and a 200 day moving average of $881.63. The firm has a market cap of $70.36 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the company earned $8.86 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that United Rentals will post 47.26 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Insider Activity at United Rentals

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joli L. Gross sold 306 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On United Rentals

Several hedge funds and other institutional investors have recently bought and sold shares of URI. Aventura Private Wealth LLC acquired a new position in United Rentals in the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals during the 4th quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals during the 4th quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals during the 4th quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.