Analysts Set United Rentals, Inc. (NYSE:URI) PT at $751.67

United Rentals, Inc. (NYSE:URI) has received a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $751.67.

Several research analysts have commented on the company. Truist Financial raised their target price on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Citigroup raised their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is owned by insiders.

Institutional Trading of United Rentals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in shares of United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares during the period. AMF Tjanstepension AB increased its position in shares of United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after acquiring an additional 199,810 shares during the period. Marshall Wace LLP raised its stake in shares of United Rentals by 259.3% during the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after acquiring an additional 108,360 shares during the last quarter. AGF Management Ltd. boosted its holdings in shares of United Rentals by 4,778.7% during the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock worth $67,048,000 after purchasing an additional 101,547 shares during the period. Finally, FMR LLC grew its stake in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

URI opened at $857.11 on Tuesday. The firm has a 50-day moving average price of $828.46 and a 200-day moving average price of $738.16. United Rentals has a twelve month low of $474.56 and a twelve month high of $896.98. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $56.24 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.03 and a beta of 1.66.

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 analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.73 earnings per share. Equities analysts expect that United Rentals will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.76%. United Rentals’s dividend payout ratio (DPR) is 17.03%.

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.