United Rentals (NYSE:URI) Given New $732.00 Price Target at Truist Financial

United Rentals (NYSE:URI - Free Report) had its price target reduced by Truist Financial from $956.00 to $732.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the construction company's stock.

A number of other equities research analysts have also weighed in on URI. Morgan Stanley lowered their price objective on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and dropped their price objective for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Bank of America cut their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Evercore ISI lowered their target price on shares of United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, United Rentals currently has an average rating of "Hold" and an average target price of $752.14.

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United Rentals Stock Performance

Shares of NYSE URI traded up $1.63 during mid-day trading on Tuesday, hitting $581.57. 769,125 shares of the company were exchanged, compared to its average volume of 589,214. The stock has a 50 day simple moving average of $644.29 and a 200-day simple moving average of $740.61. United Rentals has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm has a market cap of $38.00 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, sell-side analysts forecast that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared 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. This is a positive change from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.23%. United Rentals's dividend payout ratio is 18.48%.

Insiders Place Their Bets

In other news, CFO William E. Grace sold 1,100 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in United Rentals in the fourth quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its position in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in United Rentals during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds 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.