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

Shares of United Rentals, Inc. (NYSE:URI) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $714.92.

A number of equities analysts have weighed in on the company. Citigroup upped their target price on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research note on Wednesday. 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. Raymond James began coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective on the stock. Robert W. Baird increased their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Finally, Evercore ISI increased their price objective on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

United Rentals Stock Up 2.0 %

Shares of NYSE URI opened at $819.00 on Monday. United Rentals has a one year low of $387.01 and a one year high of $826.24. 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 fifty day moving average price is $744.21 and its 200-day moving average price is $699.35. The stock has a market capitalization of $54.17 billion, a PE ratio of 21.62, a P/E/G ratio of 1.88 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $9.88 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that United Rentals will post 44.39 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.80%. United Rentals’s payout ratio is 17.21%.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’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 transaction of $248,400.00. Following the completion of the transaction, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.

Institutional Trading of United Rentals

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisor Networks LLC grew its position in shares of United Rentals by 14.0% during the 4th quarter. Cetera Advisor Networks LLC now owns 11,114 shares of the construction company’s stock valued at $6,373,000 after acquiring an additional 1,363 shares during the period. Morningstar Investment Services LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $204,000. Connectus Wealth LLC purchased a new stake in United Rentals in the fourth quarter valued at approximately $223,000. Symmetry Investments LP acquired a new position in shares of United Rentals in the fourth quarter worth $3,649,000. Finally, Bridgefront Capital LLC acquired a new position in shares of United Rentals in the fourth quarter worth $505,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

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.