United Rentals (NYSE:URI) Price Target Raised to $965.00

United Rentals (NYSE:URI) had its price target upped by Truist Financial from $955.00 to $965.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

URI has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Bank of America increased their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Argus upped their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays boosted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Finally, Robert W. Baird increased their price objective on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $770.71.

United Rentals Trading Up 1.6 %

URI opened at $722.64 on Thursday. The company has a fifty day moving average price of $827.15 and a two-hundred day moving average price of $750.46. United Rentals has a 1-year low of $533.70 and a 1-year high of $896.98. The company has a market cap of $47.42 billion, a P/E ratio of 18.87, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $11.73 earnings per share. Analysts predict that United Rentals will post 43.46 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s 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 sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Institutional Trading of United Rentals

A number of large investors have recently made changes to their positions in the business. Secure Asset Management LLC bought a new position in shares of United Rentals in the second quarter worth about $324,000. Capital Insight Partners LLC lifted its stake in shares of United Rentals by 2.5% during the second quarter. Capital Insight Partners LLC now owns 1,245 shares of the construction company’s stock worth $805,000 after buying an additional 30 shares during the period. RFP Financial Group LLC raised its stake in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the last quarter. Optas LLC boosted 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 valued at $709,000 after acquiring an additional 33 shares during the last quarter. Finally, Sigma Investment Counselors Inc. grew its position in United Rentals by 3.3% during 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. 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.