United Rentals, Inc. (NYSE:URI) Receives $805.25 Average Target Price from Analysts

Shares of United Rentals, Inc. (NYSE:URI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $805.25.

Several equities analysts have recently issued reports on URI shares. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Baird R W upgraded United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th.

Insider Buying and Selling

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company's stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Rentals

Large investors have recently modified their holdings of the company. FMR LLC lifted its stake in shares of United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company's stock valued at $1,956,768,000 after buying an additional 85,325 shares in the last quarter. International Assets Investment Management LLC boosted its stake in United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company's stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. Geode Capital Management LLC increased its holdings in United Rentals by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company's stock worth $1,264,326,000 after purchasing an additional 9,256 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company's stock worth $862,110,000 after purchasing an additional 57,002 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock valued at $637,968,000 after purchasing an additional 105,287 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

URI stock traded up $11.84 during midday trading on Wednesday, reaching $741.70. 933,280 shares of the stock were exchanged, compared to its average volume of 742,431. United Rentals has a 52 week low of $545.16 and a 52 week high of $896.98. The company has a fifty day moving average price of $785.71 and a 200 day moving average price of $760.02. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market capitalization of $48.67 billion, a PE ratio of 19.37, a P/E/G ratio of 1.83 and a beta of 1.69.

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 firm had revenue of $3.99 billion for 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 business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $11.73 earnings per share. As a group, analysts expect that United Rentals will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals's payout ratio is 17.03%.

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.