United Rentals’ (URI) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of United Rentals (NYSE:URI) in a research note issued to investors on Thursday, Marketbeat reports. JPMorgan Chase & Co. currently has a $1,170.00 target price on the construction company’s stock, down from their previous target price of $1,235.00.

Other research analysts have also issued research reports about the stock. Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. UBS Group set a $1,170.00 target price on shares of United Rentals in a research note on Thursday. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price on the stock in a report on Monday, June 29th. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Wells Fargo & Company increased their price target on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,230.88.

United Rentals Stock Performance

Shares of NYSE:URI opened at $986.88 on Thursday. The firm has a market capitalization of $61.42 billion, a PE ratio of 23.70, a P/E/G ratio of 1.46 and a beta of 1.79. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The business has a 50-day moving average of $1,076.70 and a two-hundred day moving average of $966.06. United Rentals has a 12 month low of $701.59 and a 12 month high of $1,179.18.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the company posted $10.47 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts forecast that United Rentals will post 48.7 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s payout ratio is 18.92%.

Insider Transactions at United Rentals

In other United Rentals news, EVP William Grace sold 1,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president 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 filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

Institutional Trading of United Rentals

Hedge funds and other institutional investors have recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd purchased a new position in United Rentals in the second quarter valued at about $29,000. MidFirst Bank purchased a new stake in United Rentals during the 2nd quarter worth approximately $31,000. Core Wealth Advisors LLC purchased a new stake in United Rentals during the 4th quarter worth approximately $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the 4th quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of United Rentals in the 2nd quarter valued at approximately $40,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.