Truist Financial Issues Pessimistic Forecast for United Rentals (NYSE:URI) Stock Price

United Rentals (NYSE:URI) had its target price cut by analysts at Truist Financial from $956.00 to $732.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s target price would indicate a potential upside of 19.54% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Bank of America decreased their price target on United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. increased 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 research report on Tuesday, January 14th. Finally, Citigroup lowered their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $752.14.

United Rentals Stock Performance

United Rentals stock opened at $612.33 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $40.00 billion, a P/E ratio of 15.80, a PEG ratio of 1.43 and a beta of 1.72. The stock has a fifty day moving average price of $650.92 and a 200 day moving average price of $743.68. United Rentals has a 52 week low of $525.91 and a 52 week high of $896.98.

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 return on equity of 34.21% and a net margin of 16.78%. Equities research analysts anticipate that United Rentals will post 44.8 earnings per share for the current year.

Insider Buying and Selling 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. 0.51% of the stock is owned by company insiders.

Institutional Trading of United Rentals

A number of institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its position in United Rentals by 7.6% in the third quarter. Integrated Wealth Concepts LLC now owns 355 shares of the construction company’s stock worth $288,000 after purchasing an additional 25 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of United Rentals by 17.6% in the third quarter. EP Wealth Advisors LLC now owns 1,697 shares of the construction company’s stock valued at $1,374,000 after buying an additional 254 shares during the period. Orion Portfolio Solutions LLC boosted its stake in United Rentals by 13.6% during the third quarter. Orion Portfolio Solutions LLC now owns 4,860 shares of the construction company’s stock valued at $3,936,000 after buying an additional 581 shares in the last quarter. MML Investors Services LLC grew its holdings in United Rentals by 18.7% during the third quarter. MML Investors Services LLC now owns 10,954 shares of the construction company’s stock worth $8,870,000 after acquiring an additional 1,726 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in United Rentals by 2.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 40,253 shares of the construction company’s stock worth $32,594,000 after acquiring an additional 1,102 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

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.