United Rentals (NYSE:URI) Given New $955.00 Price Target at Truist Financial

United Rentals (NYSE:URI) had its price target upped by Truist Financial from $954.00 to $955.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts also recently commented on URI. Evercore ISI upped their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Raymond James started coverage on shares of United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective for the company. Citigroup upped their target price on shares of United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird lifted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $742.50.

United Rentals Price Performance

United Rentals stock opened at $812.50 on Friday. United Rentals has a 12-month low of $387.01 and a 12-month high of $861.74. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $772.68 and a 200-day moving average price of $708.43. The firm has a market capitalization of $54.10 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $11.73 EPS. As a group, equities research analysts forecast that United Rentals will post 44.38 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s payout ratio is 17.66%.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently added to or reduced their stakes in the business. Essex Financial Services Inc. raised its position in shares of United Rentals by 31.9% in the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock valued at $364,000 after purchasing an additional 136 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of United Rentals by 2.8% during the first quarter. Forsta AP Fonden now owns 14,600 shares of the construction company’s stock worth $10,528,000 after buying an additional 400 shares during the period. Tidal Investments LLC lifted its stake in shares of United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after buying an additional 3,435 shares during the period. BDF Gestion purchased a new stake in shares of United Rentals during the second quarter valued at $2,998,000. Finally, Orion Portfolio Solutions LLC increased its position in shares of United Rentals by 48.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after acquiring an additional 1,016 shares during the period. Institutional investors and hedge funds 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.