United Rentals (NYSE:URI) PT Raised to $650.00

United Rentals (NYSE:URI) had its target price hoisted by stock analysts at Robert W. Baird from $565.00 to $650.00 in a note issued to investors on Thursday. The brokerage currently has an “underperform” rating on the construction company’s stock. Robert W. Baird’s target price points to a potential downside of 17.64% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Citigroup started coverage on United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. Raymond James started coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. The Goldman Sachs Group upped their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. Truist Financial raised their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $694.46.

United Rentals Stock Down 0.9 %

Shares of URI traded down $6.82 during midday trading on Thursday, hitting $789.21. The company had a trading volume of 254,299 shares, compared to its average volume of 547,509. United Rentals has a 1 year low of $387.01 and a 1 year high of $826.24. The firm has a market capitalization of $52.55 billion, a P/E ratio of 21.31, a P/E/G ratio of 1.89 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The company’s 50-day simple moving average is $734.55 and its 200-day simple moving average is $694.51.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm earned $9.88 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that United Rentals will post 44.39 EPS for the current year.

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC purchased a new position in shares of United Rentals in the fourth quarter valued at $779,000. Rafferty Asset Management LLC increased its holdings in United Rentals by 3.8% during the 4th quarter. Rafferty Asset Management LLC now owns 6,542 shares of the construction company’s stock valued at $3,751,000 after acquiring an additional 237 shares in the last quarter. Tower Research Capital LLC TRC raised its position in United Rentals by 123.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,199 shares of the construction company’s stock worth $5,275,000 after acquiring an additional 5,076 shares during the last quarter. Cetera Advisor Networks LLC raised its position in United Rentals by 14.0% during the fourth quarter. Cetera Advisor Networks LLC now owns 11,114 shares of the construction company’s stock worth $6,373,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of United Rentals by 34.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,952 shares of the construction company’s stock valued at $4,560,000 after purchasing an additional 2,043 shares in the last quarter. 96.26% of the stock is 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.