United Rentals (NYSE:URI) Stock Price Up 3.9%

United Rentals, Inc. (NYSE:URI)’s share price rose 3.9% during trading on Friday . The company traded as high as $652.09 and last traded at $647.20. Approximately 80,016 shares traded hands during trading, a decline of 86% from the average daily volume of 569,066 shares. The stock had previously closed at $623.04.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on URI. Stifel Nicolaus upped their price target on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. started coverage on shares of United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 price objective on the stock. Raymond James assumed coverage on shares of United Rentals in a research note on Friday. They set an “outperform” rating and a $750.00 price target on the stock. Citigroup assumed coverage on shares of United Rentals in a research report on Wednesday. They issued a “buy” rating and a $745.00 price objective for the company. Finally, Truist Financial increased their price objective on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $638.40.

United Rentals Trading Up 3.8 %

The company’s fifty day moving average price is $660.38 and its two-hundred day moving average price is $645.01. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The firm has a market cap of $43.07 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.02 and a beta of 1.75.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $7.95 EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.87 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors 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 dividend on an annualized basis and a yield of 1.01%. United Rentals’s payout ratio is 17.66%.

Insider Transactions at United Rentals

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of URI. First Financial Corp IN bought a new position in United Rentals in the first quarter valued at about $25,000. Crewe Advisors LLC bought a new position in United Rentals in the first quarter valued at about $27,000. AdvisorNet Financial Inc grew its position in United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Rise Advisors LLC bought a new position in United Rentals in the first quarter valued at about $28,000. Finally, Riverview Trust Co bought a new position in United Rentals in the first quarter valued at about $31,000. 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.