Brokerages Set United Rentals, Inc. (NYSE:URI) PT at $770.71

United Rentals, Inc. (NYSE:URI) has been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $770.71.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Bank of America increased their price objective on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their target price on shares of United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a report on Thursday, December 19th.

United Rentals Price Performance

Shares of URI stock opened at $719.60 on Friday. The company has a market capitalization of $47.22 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.83 and a beta of 1.66. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals has a 12 month low of $533.70 and a 12 month high of $896.98. The stock has a 50 day moving average of $827.15 and a two-hundred day moving average of $752.08.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $11.73 EPS. As a group, equities analysts expect that United Rentals will post 43.46 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.91%. United Rentals’s payout ratio is 17.03%.

Insider Activity

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in United Rentals by 3.3% during the third quarter. Principal Financial Group Inc. now owns 79,235 shares of the construction company’s stock worth $64,159,000 after buying an additional 2,554 shares during the last quarter. Copley Financial Group Inc. bought a new position in United Rentals during the 3rd quarter worth approximately $207,000. Retirement Systems of Alabama grew its holdings in United Rentals by 250.7% during the third quarter. Retirement Systems of Alabama now owns 51,512 shares of the construction company’s stock valued at $41,711,000 after purchasing an additional 36,823 shares during the period. Oddo BHF Asset Management Sas bought a new stake in United Rentals in the third quarter valued at approximately $2,990,000. Finally, American Trust boosted its position in shares of United Rentals by 206.3% during the third quarter. American Trust now owns 1,207 shares of the construction company’s stock worth $977,000 after purchasing an additional 813 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

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.