Robert W. Baird Upgrades United Rentals (NYSE:URI) to “Neutral”

United Rentals (NYSE:URI) was upgraded by investment analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm presently has a $658.00 price objective on the construction company’s stock. Robert W. Baird’s target price would suggest a potential downside of 4.37% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Citigroup increased their price target on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Argus boosted their target price on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Finally, Truist Financial boosted their price objective on United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $817.75.

United Rentals Price Performance

NYSE:URI opened at $688.06 on Tuesday. The firm has a market cap of $45.15 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. The company’s 50-day moving average price is $787.08 and its two-hundred day moving average price is $759.44. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals has a 12 month low of $545.16 and a 12 month high of $896.98.

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 analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $11.73 earnings per share. On average, equities analysts anticipate that United Rentals will post 43.46 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URI. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of United Rentals in the 3rd quarter valued at approximately $31,000. Carmichael Hill & Associates Inc. increased its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. HM Payson & Co. acquired a new stake in United Rentals during the 3rd quarter worth approximately $41,000. Finally, Trust Co. of Vermont boosted its holdings in shares of United Rentals by 6,000.0% in the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after buying an additional 60 shares during the period. 96.26% of the stock is currently owned by institutional investors.

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.