Analysts Set United Rentals, Inc. (NYSE:URI) PT at $829.00

United Rentals, Inc. (NYSE:URI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $829.00.

Several equities analysts have weighed in on URI shares. Evercore ISI dropped their price objective on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Truist Financial reissued a "buy" rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Robert W. Baird raised United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target for the company in a report on Tuesday, January 14th. Argus boosted their price target on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

Remove Ads

Institutional Investors Weigh In On United Rentals

A number of institutional investors have recently made changes to their positions in URI. Farther Finance Advisors LLC grew its position in shares of United Rentals by 11.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 436 shares of the construction company's stock valued at $353,000 after buying an additional 46 shares during the last quarter. HMS Capital Management LLC bought a new stake in shares of United Rentals in the 3rd quarter valued at about $232,000. Catalina Capital Group LLC bought a new stake in shares of United Rentals in the 3rd quarter valued at about $227,000. Leslie Global Wealth LLC grew its position in shares of United Rentals by 29.3% in the 3rd quarter. Leslie Global Wealth LLC now owns 676 shares of the construction company's stock valued at $547,000 after buying an additional 153 shares during the last quarter. Finally, Foster & Motley Inc. boosted its position in shares of United Rentals by 4.7% during the 3rd quarter. Foster & Motley Inc. now owns 8,229 shares of the construction company's stock valued at $6,663,000 after purchasing an additional 366 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

NYSE URI traded up $2.75 during midday trading on Thursday, hitting $628.63. The company had a trading volume of 1,000,664 shares, compared to its average volume of 727,954. The company has a market capitalization of $41.05 billion, a PE ratio of 16.22, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $712.93 and a 200-day moving average price of $765.21. United Rentals has a twelve month low of $585.27 and a twelve month high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, analysts anticipate that United Rentals will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. This is a positive change from United Rentals's previous quarterly dividend of $1.63. United Rentals's payout ratio is currently 18.48%.

About United Rentals

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.