United Rentals (NYSE:URI) Price Target Raised to $955.00

United Rentals (NYSE:URI) had its price target upped by Citigroup from $930.00 to $955.00 in a report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities analysts have also issued reports about the stock. Robert W. Baird lifted their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James assumed coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Finally, Truist Financial upped their price target on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and a consensus target price of $742.50.

United Rentals Stock Down 1.5 %

URI stock traded down $12.49 during trading on Friday, hitting $812.50. 460,369 shares of the company’s stock traded hands, compared to its average volume of 543,421. The firm has a market capitalization of $54.10 billion, a P/E ratio of 21.99, a PEG ratio of 1.96 and a beta of 1.68. United Rentals has a 1 year low of $387.01 and a 1 year high of $861.74. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $772.68 and a two-hundred day simple moving average of $708.16.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $11.73 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that United Rentals will post 44.38 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Rentals

Several hedge funds have recently modified their holdings of URI. Crewe Advisors LLC acquired a new position in United Rentals in the 1st quarter worth about $27,000. RFP Financial Group LLC lifted its position in shares of United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares in the last quarter. HHM Wealth Advisors LLC increased its stake in shares of United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in United Rentals during the 1st quarter valued at about $43,000. Finally, Trust Co. of Vermont increased its position in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

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.