Analysts Set United Rentals, Inc. (NYSE:URI) PT at $600.79

United Rentals, Inc. (NYSE:URI) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $600.79.

Several research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Evercore ISI lifted their price objective on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Oppenheimer restated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Truist Financial boosted their price target on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, The Goldman Sachs Group boosted their price target on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th.

United Rentals Price Performance

Shares of NYSE:URI opened at $630.52 on Tuesday. The business’s 50 day simple moving average is $675.07 and its 200-day simple moving average is $626.53. The firm has a market capitalization of $41.99 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 2.05 and a beta of 1.75. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. United Rentals has a 12 month low of $374.22 and a 12 month high of $732.37.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.95 EPS. As a group, equities analysts forecast that United Rentals will post 43.61 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, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $1.63 per share. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.03%. United Rentals’s dividend payout ratio is presently 17.66%.

Insider Activity

In other news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On United Rentals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in United Rentals by 39.1% in the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after buying an additional 1,799,997 shares during the last quarter. Norges Bank purchased a new position in United Rentals in the 4th quarter valued at about $977,443,000. Dimensional Fund Advisors LP boosted its position in United Rentals by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after buying an additional 56,948 shares during the last quarter. International Assets Investment Management LLC boosted its position in United Rentals by 58,829.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after buying an additional 1,041,281 shares during the last quarter. Finally, Invesco Ltd. boosted its position in United Rentals by 19.1% in the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after buying an additional 149,838 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

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.