United Rentals (NYSE:URI) Price Target Raised to $1,000.00

United Rentals (NYSE:URI) had its target price raised by JPMorgan Chase & Co. from $940.00 to $1,000.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

Several other analysts have also issued reports on the company. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a research note on Tuesday, January 14th. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and issued a $956.00 price target (down from $963.00) on shares of United Rentals in a report on Friday. Barclays increased their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $818.55.

United Rentals Stock Down 2.2 %

URI stock opened at $756.78 on Friday. United Rentals has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business has a 50-day moving average of $764.73 and a 200-day moving average of $769.59. The stock has a market capitalization of $49.66 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.68 and a beta of 1.69.

United Rentals (NYSE:URI) last issued its quarterly earnings results 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 net margin of 16.78% and a return on equity of 34.51%. On average, sell-side analysts anticipate that United Rentals will post 46.06 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 annualized dividend and a dividend yield of 0.95%. United Rentals’s dividend payout ratio (DPR) is 16.83%.

Institutional Trading of United Rentals

Large investors have recently modified their holdings of the stock. Sei Investments Co. increased its holdings in shares of United Rentals by 13.7% during the second quarter. Sei Investments Co. now owns 4,981 shares of the construction company’s stock valued at $3,221,000 after acquiring an additional 599 shares in the last quarter. Cetera Investment Advisers increased its stake in United Rentals by 2.8% during the 2nd quarter. Cetera Investment Advisers now owns 26,901 shares of the construction company’s stock valued at $17,397,000 after purchasing an additional 723 shares in the last quarter. Clearbridge Investments LLC raised its holdings in United Rentals by 11.8% during the second quarter. Clearbridge Investments LLC now owns 9,217 shares of the construction company’s stock worth $5,961,000 after buying an additional 976 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of United Rentals in the second quarter valued at $4,943,000. Finally, Centaurus Financial Inc. grew its holdings in shares of United Rentals by 14.3% during the second quarter. Centaurus Financial Inc. now owns 889 shares of the construction company’s stock valued at $575,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

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.