United Rentals, Inc. (NYSE:URI) Receives $638.40 Consensus Price Target from Brokerages

United Rentals, Inc. (NYSE:URI) has been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $638.40.

URI has been the topic of several recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. The Goldman Sachs Group upped their target price on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Raymond James began coverage on shares of United Rentals in a report on Friday. They set an “outperform” rating and a $750.00 price target for the company. Truist Financial upped their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company.

United Rentals Stock Performance

Shares of URI opened at $640.84 on Friday. The company has a 50-day moving average of $660.61 and a two-hundred day moving average of $646.32. The stock has a market cap of $42.67 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.12 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 one year low of $387.01 and a one year high of $732.37.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the business posted $7.95 EPS. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts expect that United Rentals will post 43.87 earnings per share for the current year.

United Rentals Announces Dividend

The business 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. This represents a $6.52 annualized dividend and a yield of 1.02%. The ex-dividend date was Tuesday, May 7th. United Rentals’s payout ratio is currently 17.66%.

Insider Buying and Selling at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated 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 sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in URI. Concurrent Investment Advisors LLC grew its stake in shares of United Rentals by 3.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after purchasing an additional 15 shares during the period. Hoylecohen LLC boosted its stake in United Rentals by 1.4% in the 4th quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock valued at $667,000 after buying an additional 16 shares in the last quarter. Ballentine Partners LLC grew its position in United Rentals by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after acquiring an additional 18 shares during the period. DGS Capital Management LLC raised its stake in United Rentals by 1.3% during the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock worth $827,000 after acquiring an additional 18 shares in the last quarter. Finally, Choreo LLC lifted its holdings in shares of United Rentals by 1.3% during the first quarter. Choreo LLC now owns 1,456 shares of the construction company’s stock valued at $1,050,000 after acquiring an additional 18 shares during the period. 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.