United Rentals (NYSE:URI) Sets New 12-Month Low - Should You Sell?

United Rentals, Inc. (NYSE:URI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $572.00 and last traded at $570.21, with a volume of 5153 shares. The stock had previously closed at $591.17.

Wall Street Analyst Weigh In

Several research analysts recently commented on URI shares. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and decreased their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. UBS Group cut shares of United Rentals from a "buy" rating to a "sell" rating and decreased their price objective for the company from $910.00 to $485.00 in a research report on Monday. Bank of America lowered their price target 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. Citigroup dropped their price objective on United Rentals from $985.00 to $835.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial reissued a "buy" rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $781.36.

United Rentals Stock Down 0.8 %

The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock's 50-day moving average price is $669.75 and its two-hundred day moving average price is $750.57. The stock has a market capitalization of $36.58 billion, a PE ratio of 14.45, a P/E/G ratio of 1.43 and a beta of 1.72.

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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 analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.28%. United Rentals's payout ratio is presently 18.48%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On United Rentals

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of United Rentals in the 4th quarter worth $695,716,000. GAMMA Investing LLC boosted its position in shares of United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after buying an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at $330,989,000. Capital World Investors increased its holdings in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Finally, Capital International Investors raised its position in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after buying an additional 305,491 shares during the last quarter. 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.