United Rentals, Inc. (NYSE:URI) Receives Average Recommendation of “Hold” from Analysts

Shares of United Rentals, Inc. (NYSE:URI) have been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $770.71.

A number of research firms have recently commented on URI. Robert W. Baird boosted their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Citigroup boosted their target price on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Truist Financial raised their price target on shares of United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research note on Thursday. Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Argus raised their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th.

United Rentals Price Performance

United Rentals stock opened at $722.64 on Friday. The firm has a market cap of $47.42 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.66. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The stock’s fifty day moving average price is $829.08 and its two-hundred day moving average price is $749.87. United Rentals has a one year low of $533.70 and a one year high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $11.73 earnings per share. As a group, research analysts expect that United Rentals will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is presently 17.03%.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was 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. This represents a 30.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Institutional Trading of United Rentals

Several hedge funds have recently modified their holdings of the stock. Optas LLC lifted its holdings in shares of United Rentals by 3.1% in the 2nd quarter. Optas LLC now owns 1,097 shares of the construction company’s stock worth $709,000 after purchasing an additional 33 shares in the last quarter. Sigma Investment Counselors Inc. raised its holdings in shares of United Rentals by 3.3% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 12,732 shares of the construction company’s stock worth $8,234,000 after purchasing an additional 402 shares during the period. AMG National Trust Bank raised its stake in United Rentals by 17.6% in the 2nd quarter. AMG National Trust Bank now owns 1,900 shares of the construction company’s stock valued at $1,229,000 after acquiring an additional 285 shares during the period. WD Rutherford LLC lifted its position in shares of United Rentals by 302.1% during the second quarter. WD Rutherford LLC now owns 3,329 shares of the construction company’s stock worth $2,153,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of United Rentals by 5.9% during the second quarter. Raymond James Trust N.A. now owns 1,610 shares of the construction company’s stock valued at $1,041,000 after buying an additional 89 shares during the period. 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.