United Rentals, Inc. (NYSE:URI) Receives $770.71 Average Price Target from Analysts

Shares of United Rentals, Inc. (NYSE:URI - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $770.71.

A number of research analysts have weighed in on URI shares. Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Citigroup increased their price target on shares of United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Robert W. Baird boosted their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research note on Thursday, October 3rd. Finally, Truist Financial raised their price objective on shares of United Rentals from $955.00 to $965.00 and gave the stock a "buy" rating in a report on Thursday.

United Rentals Stock Performance

Shares of NYSE:URI traded up $11.70 during mid-day trading on Friday, reaching $722.64. The company had a trading volume of 1,213,968 shares, compared to its average volume of 548,106. The company's 50-day moving average price is $829.08 and its 200-day moving average price is $749.87. United Rentals has a one year low of $533.70 and a one year high of $896.98. The firm has a market cap of $47.42 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.83 and a beta of 1.66. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same period in the prior year, the business earned $11.73 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that United Rentals will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is currently 17.03%.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction dated 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 transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % 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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in United Rentals by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company's stock valued at $7,492,000 after purchasing an additional 964 shares during the period. Essex Financial Services Inc. raised its stake in United Rentals by 31.9% in the 2nd quarter. Essex Financial Services Inc. now owns 563 shares of the construction company's stock valued at $364,000 after purchasing an additional 136 shares during the last quarter. Retireful LLC purchased a new position in United Rentals in the 3rd quarter valued at $697,000. Mizuho Securities USA LLC boosted its stake in United Rentals by 1,067.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 59,879 shares of the construction company's stock worth $48,486,000 after purchasing an additional 54,750 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of United Rentals by 428.8% during the third quarter. XTX Topco Ltd now owns 1,692 shares of the construction company's stock worth $1,370,000 after buying an additional 1,372 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

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.