United Rentals, Inc. (NYSE:URI) Receives $742.50 Average Price Target from Brokerages

Shares of United Rentals, Inc. (NYSE:URI - Get Free Report) have received a consensus rating of "Hold" from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $742.50.

URI has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Citigroup lifted their target price on shares of United Rentals from $930.00 to $955.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Robert W. Baird increased their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Rentals

A number of institutional investors have recently bought and sold shares of URI. Crewe Advisors LLC bought a new position in shares of United Rentals in the first quarter worth about $27,000. RFP Financial Group LLC lifted its holdings in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock valued at $27,000 after purchasing an additional 22 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the third quarter worth approximately $31,000. Carmichael Hill & Associates Inc. increased its stake in shares of United Rentals by 80.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its position in shares of United Rentals by 280.0% during the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

Shares of URI stock traded down $17.48 during trading on Friday, reaching $795.32. 504,926 shares of the company's stock traded hands, compared to its average volume of 541,060. United Rentals has a 1 year low of $419.81 and a 1 year high of $861.74. The firm's 50-day moving average is $780.36 and its 200 day moving average is $711.80. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $52.19 billion, a P/E ratio of 21.24, a PEG ratio of 1.90 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results 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 analysts' expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $11.73 EPS. Equities research analysts expect that United Rentals will post 43.66 EPS for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, November 13th. United Rentals's payout ratio is presently 17.03%.

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.