United Rentals (NYSE:URI) Receives New Coverage from Analysts at Raymond James

Raymond James began coverage on shares of United Rentals (NYSE:URI) in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $750.00 price objective on the construction company’s stock.

URI has been the subject of several other reports. Truist Financial boosted their price target on United Rentals from $793.00 to $796.00 and gave the stock a buy rating in a research report on Monday, April 29th. Stifel Nicolaus boosted their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a buy rating in a report on Friday, April 26th. The Goldman Sachs Group raised their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a buy rating in a report on Tuesday, April 16th. Oppenheimer reiterated a market perform rating on shares of United Rentals in a research note on Monday, April 29th. Finally, Citigroup began coverage on shares of United Rentals in a research note on Wednesday. They issued a buy rating and a $745.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $638.40.

United Rentals Stock Up 3.8 %

NYSE:URI opened at $646.73 on Friday. 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 1-year low of $387.01 and a 1-year high of $732.37. The company has a 50-day moving average of $660.38 and a 200 day moving average of $644.07. The firm has a market cap of $43.07 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.02 and a beta of 1.75.

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

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 1.01%. United Rentals’s payout ratio is presently 17.66%.

Insider Transactions at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of the company’s 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 sale, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Matthew John Flannery sold 8,379 shares of the business’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 transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael D. Durand sold 559 shares of the 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 sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $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

Several institutional investors have recently bought and sold shares of URI. Capital Research Global Investors increased its holdings in shares of United Rentals by 39.1% during 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 purchasing an additional 1,799,997 shares in the last quarter. Norges Bank purchased a new position in shares of United Rentals in the 4th quarter valued at about $977,443,000. International Assets Investment Management LLC grew its holdings in United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after purchasing an additional 1,041,281 shares during the period. Capital International Investors acquired a new stake in United Rentals in the 1st quarter valued at $332,349,000. Finally, Heritage Wealth Advisors increased its holdings in United Rentals by 15,100.8% in the 1st quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock worth $72,674,000 after acquiring an additional 100,118 shares in the last quarter. 96.26% of the stock is currently 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.