Analysts Set United Rentals, Inc. (NYSE:URI) Target Price at $751.67

United Rentals, Inc. (NYSE:URI - Get Free Report) has received a consensus rating of "Hold" from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $751.67.

URI has been the subject of several recent analyst reports. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Robert W. Baird raised their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a research report on Thursday, October 3rd. Bank of America upped their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Citigroup lifted their price target on United Rentals from $930.00 to $955.00 and gave the stock a "buy" rating in a research note on Friday, October 25th.

United Rentals Price Performance

United Rentals stock traded up $8.78 during midday trading on Tuesday, reaching $873.17. 361,226 shares of the stock were exchanged, compared to its average volume of 547,458. The company's fifty day moving average is $821.86 and its 200-day moving average is $733.58. 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 52 week low of $454.71 and a 52 week high of $896.98. The firm has a market cap of $57.30 billion, a PE ratio of 22.80, a PEG ratio of 1.99 and a beta of 1.68.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the business posted $11.73 EPS. The company's quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that United Rentals will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.75%. United Rentals's payout ratio is 17.03%.

Insider Transactions at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company's 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 completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. FMR LLC lifted its holdings in United Rentals by 3.7% in the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock worth $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock worth $1,300,962,000 after buying an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of United Rentals by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after acquiring an additional 9,256 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in United Rentals by 10.5% during the third quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company's stock valued at $570,167,000 after acquiring an additional 66,957 shares in the last quarter. Finally, AMF Tjanstepension AB increased its holdings in United Rentals by 77.7% in the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company's stock valued at $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

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.