Analysts Set United Rentals, Inc. (NYSE:URI) PT at $804.15

Shares of United Rentals, Inc. (NYSE:URI) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $804.15.

Several equities research analysts recently issued reports on URI shares. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI reduced their price target on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. 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 report on Tuesday, January 14th. Finally, Truist Financial reaffirmed a “buy” rating and set a $956.00 target price (down from $963.00) on shares of United Rentals in a report on Friday, January 31st.

Insider Transactions at United Rentals

In related news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On United Rentals

Several large investors have recently bought and sold shares of URI. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the 4th quarter valued at $26,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals in the 4th quarter worth $27,000. Meeder Asset Management Inc. raised its stake in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after buying an additional 29 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $647.27 on Monday. The firm has a market cap of $42.29 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.43 and a beta of 1.76. The firm has a fifty day moving average of $678.19 and a two-hundred day moving average of $753.23. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals has a 1-year low of $585.27 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share 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 34.21%. As a group, research analysts anticipate that United Rentals will post 44.8 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is 18.48%.

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.