United Rentals (NYSE:URI) Reaches New 1-Year High – What’s Next?

United Rentals, Inc. (NYSE:URI) reached a new 52-week high during trading on Wednesday . The company traded as high as $1,007.97 and last traded at $1,000.47, with a volume of 305953 shares. The stock had previously closed at $974.54.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. BNP Paribas set a $900.00 target price on shares of United Rentals and gave the company a “neutral” rating in a research note on Tuesday, September 16th. KeyCorp increased their target price on shares of United Rentals from $1,075.00 to $1,120.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Bank of America lifted their price target on shares of United Rentals from $895.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $956.13.

United Rentals Trading Up 2.7%

The company has a market cap of $64.37 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.25 and a beta of 1.73. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average price is $942.33 and its 200-day moving average price is $790.47.

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

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Institutional Trading of United Rentals

Large investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC purchased a new stake in United Rentals in the first quarter valued at approximately $602,000. Roundview Capital LLC increased its holdings in shares of United Rentals by 9.2% in the 2nd quarter. Roundview Capital LLC now owns 5,909 shares of the construction company’s stock worth $4,452,000 after buying an additional 496 shares during the last quarter. Ascent Group LLC bought a new position in shares of United Rentals in the 2nd quarter worth $221,000. Wealth Enhancement Advisory Services LLC raised its position in shares of United Rentals by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company’s stock valued at $4,488,000 after buying an additional 789 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in shares of United Rentals during the 1st quarter worth $2,966,000. 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.