United Rentals’ (URI) “Buy” Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of United Rentals (NYSE:URI) in a report published on Friday morning,Benzinga reports. They currently have a $956.00 price objective on the construction company’s stock, down from their previous price objective of $963.00.

A number of other equities research analysts have also recently issued reports on the stock. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup dropped their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Finally, Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $818.55.

United Rentals Trading Down 2.2 %

United Rentals stock opened at $756.78 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals has a 52 week low of $596.48 and a 52 week high of $896.98. The stock has a 50-day moving average price of $764.73 and a 200 day moving average price of $769.59. The company has a market capitalization of $49.66 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.51% and a net margin of 16.78%. Sell-side analysts anticipate that United Rentals will post 46.06 EPS for the current year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 0.95%. United Rentals’s dividend payout ratio is presently 16.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC increased its stake in United Rentals by 4.5% during the 4th quarter. Global Retirement Partners LLC now owns 395 shares of the construction company’s stock worth $278,000 after buying an additional 17 shares during the period. Semus Wealth Partners LLC grew its stake in shares of United Rentals by 35.7% in the fourth quarter. Semus Wealth Partners LLC now owns 1,532 shares of the construction company’s stock worth $1,079,000 after acquiring an additional 403 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of United Rentals during the fourth quarter worth $72,000. Klingman & Associates LLC raised its stake in shares of United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after acquiring an additional 15 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

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.