United Rentals, Inc. (NYSE:URI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of United Rentals, Inc. (NYSE:URI) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $725.69.

URI has been the topic of several recent analyst reports. Truist Financial raised their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Cfra Research raised United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Robert W. Baird lifted their target price on United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Finally, UBS Group cut United Rentals from a “buy” rating to a “sell” rating and reduced their target price for the stock from $910.00 to $485.00 in a report on Monday, April 7th.

United Rentals Stock Up 0.1 %

Shares of URI stock opened at $629.80 on Friday. The company has a market capitalization of $40.94 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.43 and a beta of 1.72. United Rentals has a one year low of $525.91 and a one year high of $896.98. The company’s fifty day moving average price is $613.03 and its 200-day moving average price is $723.88. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.15 earnings per share. Sell-side analysts expect that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.79 per share. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.14%. United Rentals’s payout ratio is currently 18.54%.

Insiders Place Their Bets

In other news, EVP Michael D. Durand sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This represents a 11.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Financial Counselors Inc. grew its stake in shares of United Rentals by 50.6% during the first quarter. Financial Counselors Inc. now owns 10,024 shares of the construction company’s stock valued at $6,282,000 after buying an additional 3,367 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of United Rentals by 70.2% in the first quarter. TD Private Client Wealth LLC now owns 2,921 shares of the construction company’s stock valued at $1,831,000 after purchasing an additional 1,205 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of United Rentals by 16.0% in the first quarter. Envestnet Asset Management Inc. now owns 145,216 shares of the construction company’s stock valued at $91,007,000 after purchasing an additional 20,053 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of United Rentals by 0.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 3,336 shares of the construction company’s stock valued at $2,091,000 after purchasing an additional 20 shares during the period. Finally, Adell Harriman & Carpenter Inc. boosted its holdings in shares of United Rentals by 24.0% in the first quarter. Adell Harriman & Carpenter Inc. now owns 1,009 shares of the construction company’s stock valued at $632,000 after purchasing an additional 195 shares during the period. 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.