Truist Financial Raises United Rentals (NYSE:URI) Price Target to $965.00

United Rentals (NYSE:URI - Free Report) had its price target increased by Truist Financial from $955.00 to $965.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company's stock.

A number of other research analysts also recently issued reports on the company. Bank of America boosted their price objective on United Rentals from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Citigroup boosted their target price on shares of United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Robert W. Baird raised their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an "underperform" rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $770.71.

United Rentals Trading Down 1.8 %

URI stock traded down $13.21 during trading on Thursday, hitting $710.94. The company had a trading volume of 730,720 shares, compared to its average volume of 545,386. The stock has a market cap of $46.65 billion, a PE ratio of 18.57, a PEG ratio of 1.83 and a beta of 1.66. The business has a 50-day moving average of $829.08 and a 200-day moving average of $749.87. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals has a one year low of $533.70 and a one year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company posted $11.73 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts predict that United Rentals will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is presently 17.03%.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company's stock.

Hedge Funds Weigh In On United Rentals

Several hedge funds have recently modified their holdings of the company. Mayflower Financial Advisors LLC grew its position in United Rentals by 4.0% during the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock valued at $274,000 after buying an additional 13 shares during the period. Allen Capital Group LLC grew its position in shares of United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock valued at $262,000 after acquiring an additional 13 shares during the period. First County Bank CT increased its stake in shares of United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company's stock worth $342,000 after purchasing an additional 13 shares during the last quarter. Duncker Streett & Co. Inc. raised its holdings in shares of United Rentals by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company's stock worth $3,461,000 after purchasing an additional 14 shares during the period. Finally, Ameritas Advisory Services LLC lifted its stake in United Rentals by 3.8% in the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company's stock valued at $244,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Company Profile

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.