Citigroup Lowers United Rentals (NYSE:URI) Price Target to $650.00

United Rentals (NYSE:URI - Free Report) had its price target reduced by Citigroup from $720.00 to $650.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Several other equities analysts also recently issued reports on the company. Bank of America reduced 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 raised United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their price target for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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. The company had a trading volume of 769,125 shares, compared to its average volume of 589,193. United Rentals has a 12 month low of $525.91 and a 12 month high of $896.98. The stock has a market cap of $38.00 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.43 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm's 50 day simple moving average is $644.29 and its two-hundred day simple moving average is $740.61.

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

United Rentals Increases Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.23%. United Rentals's dividend payout ratio is currently 18.48%.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of United Rentals stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.51% of the stock is currently owned by insiders.

Institutional Trading of United Rentals

Several hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC grew its stake in United Rentals by 7.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 355 shares of the construction company's stock valued at $288,000 after acquiring an additional 25 shares in the last quarter. EP Wealth Advisors LLC lifted its position in United Rentals by 17.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,697 shares of the construction company's stock worth $1,374,000 after buying an additional 254 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of United Rentals by 13.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,860 shares of the construction company's stock valued at $3,936,000 after buying an additional 581 shares during the period. MML Investors Services LLC grew its holdings in shares of United Rentals by 18.7% during the 3rd quarter. MML Investors Services LLC now owns 10,954 shares of the construction company's stock valued at $8,870,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of United Rentals by 2.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 40,253 shares of the construction company's stock worth $32,594,000 after acquiring an additional 1,102 shares during the last quarter. 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.