United Rentals’ (URI) Buy Rating Reiterated at Argus

Argus reiterated their buy rating on shares of United Rentals (NYSE:URI) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Argus currently has a $1,250.00 price target on the construction company’s stock.

A number of other research analysts have also recently issued reports on URI. Truist Financial lifted their price target on shares of United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Citigroup upped their price objective on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a report on Friday, July 24th. UBS Group raised their target price on shares of United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. KeyCorp reiterated an “overweight” rating and set a $1,350.00 target price on shares of United Rentals in a report on Friday, July 24th. Finally, Evercore reissued an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

United Rentals Price Performance

Shares of URI stock opened at $1,160.18 on Tuesday. The business’s fifty day moving average is $1,082.01 and its 200 day moving average is $931.50. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The stock has a market cap of $72.21 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.50 and a beta of 1.80. United Rentals has a twelve month low of $701.59 and a twelve month high of $1,177.67.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $10.47 earnings per share. Research analysts expect that United Rentals will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a dividend of $1.97 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 18.92%.

Insiders Place Their Bets

In related news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Core Wealth Advisors LLC bought a new stake in United Rentals in the 4th quarter worth about $28,000. MV Capital Management Inc. bought a new position in United Rentals during the 4th quarter valued at about $28,000. Laurel Wealth Advisors LLC bought a new position in United Rentals during the 4th quarter valued at about $32,000. Hilton Head Capital Partners LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at about $34,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of United Rentals by 33.3% during the 1st quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock valued at $41,000 after acquiring an additional 14 shares during the last quarter. Hedge funds and other institutional investors 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.