United Rentals (NYSE:URI) Price Target Increased to $795.00 by Analysts at Evercore ISI

United Rentals (NYSE:URI) had its price target upped by Evercore ISI from $774.00 to $795.00 in a research report released on Monday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Several other research firms also recently issued reports on URI. Raymond James started coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an outperform rating and a $750.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a buy rating in a research report on Friday, July 26th. Oppenheimer reissued a market perform rating on shares of United Rentals in a research report on Monday, April 29th. Truist Financial lifted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a buy rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a report on Friday, June 7th. They set an overweight rating and a $780.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $675.15.

United Rentals Stock Performance

NYSE:URI opened at $717.05 on Monday. The company has a fifty day moving average of $682.83 and a 200-day moving average of $676.85. The firm has a market capitalization of $47.75 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.65 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. United Rentals has a twelve month low of $387.01 and a twelve month high of $789.80.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $9.88 EPS. United Rentals’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals will post 44.4 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction dated 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 directly owns 4,090 shares in the company, valued at approximately $2,822,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On United Rentals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Financial Corp IN bought a new stake in United Rentals in the 1st quarter valued at about $25,000. Crewe Advisors LLC bought a new stake in United Rentals in the 1st quarter valued at about $27,000. Rise Advisors LLC bought a new stake in shares of United Rentals during the first quarter valued at about $28,000. RFP Financial Group LLC increased its position in shares of United Rentals by 115.8% during the second 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 during the period. Finally, Riverview Trust Co bought a new stake in shares of United Rentals during the first quarter valued at about $31,000. 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.