United Rentals (NYSE:URI) Given New $765.00 Price Target at Morgan Stanley

United Rentals (NYSE:URI) had its price target decreased by Morgan Stanley from $775.00 to $765.00 in a research report report published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the construction company’s stock.

Several other research firms have also recently weighed in on URI. Argus lifted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup cut their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial reaffirmed a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Stock Down 2.5 %

NYSE URI opened at $739.27 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $48.28 billion, a PE ratio of 19.08, a PEG ratio of 1.52 and a beta of 1.69. United Rentals has a 1 year low of $596.48 and a 1 year high of $896.98. The business’s 50-day moving average is $762.23 and its 200 day moving average is $769.67.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. Sell-side analysts forecast that United Rentals will post 46.09 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $1.79 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, February 12th. United Rentals’s payout ratio is presently 18.48%.

Hedge Funds Weigh In On United Rentals

Hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals in the 3rd quarter worth approximately $31,000. Hanson & Doremus Investment Management bought a new stake in United Rentals in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC bought a new stake in United Rentals in the 4th quarter worth approximately $34,000. Finally, Carmichael Hill & Associates Inc. grew its position in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

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.