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

Shares of United Rentals, Inc. (NYSE:URI) have been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $770.71.

Several brokerages have weighed in on URI. Truist Financial boosted their price objective on United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup raised their price target on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Robert W. Baird upped their price objective on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Finally, Argus raised their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

Insider Buying and Selling at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional Trading of United Rentals

Institutional investors and hedge funds have recently bought and sold shares of the business. Optas LLC lifted its holdings in United Rentals by 3.1% during the 2nd quarter. Optas LLC now owns 1,097 shares of the construction company’s stock valued at $709,000 after purchasing an additional 33 shares during the last quarter. Sigma Investment Counselors Inc. grew its stake in United Rentals by 3.3% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 12,732 shares of the construction company’s stock valued at $8,234,000 after buying an additional 402 shares during the last quarter. AMG National Trust Bank raised its holdings 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 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 during the last quarter. Finally, Raymond James Trust N.A. boosted its holdings 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 worth $1,041,000 after acquiring an additional 89 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.6 %

URI opened at $722.64 on Friday. United Rentals has a 1-year low of $533.70 and a 1-year high of $896.98. The firm has a 50-day moving average price of $829.08 and a two-hundred day moving average price of $749.87. The stock has a market capitalization of $47.42 billion, a PE ratio of 18.87, a PEG ratio of 1.83 and a beta of 1.66. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $11.73 EPS. As a group, equities analysts anticipate that United Rentals will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

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.