United Rentals, Inc. (NYSE:URI) Receives Consensus Rating of “Hold” from Analysts

Shares of United Rentals, Inc. (NYSE:URI) have earned an average recommendation of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $670.92.

URI has been the subject of several research analyst reports. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price for the company. Raymond James began coverage on shares of United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Citigroup started coverage on United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Stifel Nicolaus raised their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Truist Financial upped their price target on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

Insider Buying and Selling at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

Institutional Trading of United Rentals

Large investors have recently made changes to their positions in the stock. Capital Research Global Investors grew its position in United Rentals by 39.1% in the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after purchasing an additional 1,799,997 shares during the period. Norges Bank purchased a new stake in United Rentals during the fourth quarter valued at $977,443,000. Dimensional Fund Advisors LP lifted its holdings in United Rentals by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after acquiring an additional 56,948 shares during the period. International Assets Investment Management LLC boosted its position in United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after purchasing an additional 1,041,281 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of United Rentals by 1.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock valued at $372,945,000 after purchasing an additional 11,429 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 1.0 %

NYSE URI opened at $737.08 on Wednesday. United Rentals has a 1 year low of $387.01 and a 1 year high of $789.80. The stock has a market capitalization of $48.75 billion, a PE ratio of 19.96, a PEG ratio of 2.22 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The business’s 50-day moving average is $666.55 and its 200 day moving average is $666.17.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $9.88 EPS. Sell-side analysts forecast that United Rentals will post 44.35 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.88%. United Rentals’s payout ratio is currently 17.66%.

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.