Evercore ISI Lowers United Rentals (NYSE:URI) Price Target to $974.00

United Rentals (NYSE:URI - Free Report) had its price target cut by Evercore ISI from $1,004.00 to $974.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the construction company's stock.

A number of other research analysts also recently commented on the stock. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird raised shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price target on the stock in a research note on Tuesday, January 14th. Truist Financial reissued a "buy" rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $829.00.

United Rentals Stock Down 5.5 %

Shares of United Rentals stock traded down $38.35 during midday trading on Wednesday, hitting $656.42. The company's stock had a trading volume of 1,067,449 shares, compared to its average volume of 668,032. United Rentals has a 1-year low of $596.48 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 capitalization of $42.87 billion, a P/E ratio of 16.94, a PEG ratio of 1.46 and a beta of 1.68. The stock has a 50-day simple moving average of $733.77 and a 200-day simple moving average of $769.42.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS 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, sell-side analysts expect that United Rentals will post 44.93 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from United Rentals's previous quarterly dividend of $1.63. United Rentals's dividend payout ratio is 18.48%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Rialto Wealth Management LLC acquired a new position in United Rentals during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals during the 3rd quarter worth $31,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals in the 4th quarter valued at $27,000. Finally, Meeder Asset Management Inc. raised its holdings in United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares during the period. 96.26% of the stock is owned by institutional investors.

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.