United Rentals, Inc. (NYSE:URI) Given Average Recommendation of “Hold” by Brokerages

United Rentals, Inc. (NYSE:URI) has been given an average rating of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $638.40.

A number of analysts have commented on URI shares. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Stifel Nicolaus raised their price target on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Citigroup initiated coverage on United Rentals in a research note on Wednesday. They issued a “buy” rating and a $745.00 price objective on the stock. Truist Financial raised their target price 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 lifted their price objective on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th.

United Rentals Price Performance

Shares of NYSE URI opened at $646.73 on Friday. The stock has a market cap of $43.07 billion, a P/E ratio of 17.52, a P/E/G ratio of 2.04 and a beta of 1.75. 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 stock has a 50 day moving average of $660.38 and a two-hundred day moving average of $644.07. United Rentals has a twelve month low of $387.01 and a twelve month high of $732.37.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Activity at United Rentals

In other United Rentals news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Institutional Investors Weigh In On United Rentals

Large investors have recently bought and sold shares of the business. 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 acquired a new stake in United Rentals during the 4th quarter worth $977,443,000. International Assets Investment Management LLC raised its stake in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after buying an additional 1,041,281 shares during the period. Capital International Investors acquired a new stake in United Rentals during the 1st quarter worth $332,349,000. Finally, Heritage Wealth Advisors raised its stake in United Rentals by 15,100.8% during the 1st quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock worth $72,674,000 after buying an additional 100,118 shares during the period. 96.26% of the stock is currently owned by 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.