Truist Financial Lowers United Rentals (NYSE:URI) Price Target to $963.00

United Rentals (NYSE:URI - Free Report) had its price objective cut by Truist Financial from $965.00 to $963.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Several other brokerages also recently commented on URI. Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research report on Tuesday. Argus increased their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a research note on Tuesday. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $805.08.

United Rentals Stock Performance

Shares of URI stock traded up $13.39 on Thursday, reaching $770.81. The stock had a trading volume of 897,099 shares, compared to its average volume of 761,509. The stock has a market cap of $50.58 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals has a 1 year low of $553.22 and a 1 year high of $896.98. The company has a 50 day simple moving average of $780.86 and a 200 day simple moving average of $759.88.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business 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 34.73% and a net margin of 17.12%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $11.73 earnings per share. Equities research analysts expect that United Rentals will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is 17.03%.

Insider Transactions at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company's stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in URI. ORG Wealth Partners LLC acquired a new stake in United Rentals in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals in the 3rd quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. boosted its stake in United Rentals by 80.0% in the 3rd 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. HM Payson & Co. purchased a new stake in United Rentals during the 3rd quarter worth approximately $41,000. Finally, Trust Co. of Vermont increased its stake in United Rentals by 6,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company's stock valued at $49,000 after purchasing an additional 60 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

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.