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

Shares of United Rentals, Inc. (NYSE:URI) have received a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $770.71.

A number of equities research analysts have issued reports on URI shares. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial boosted their target price on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Citigroup raised their price target on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Bank of America boosted 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, October 24th.

United Rentals Stock Performance

Shares of URI stock opened at $727.42 on Friday. The stock’s fifty day simple moving average is $820.27 and its 200-day simple moving average is $753.11. The company has a market capitalization of $47.73 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.83 and a beta of 1.66. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals has a 1-year low of $533.70 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.73 EPS. On average, sell-side analysts predict that United Rentals will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a yield of 0.90%. United Rentals’s payout ratio is currently 17.03%.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Optas LLC grew its position in shares of United Rentals by 3.1% in the second quarter. Optas LLC now owns 1,097 shares of the construction company’s stock valued at $709,000 after purchasing an additional 33 shares during the last quarter. Sigma Investment Counselors Inc. grew its holdings in United Rentals by 3.3% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 12,732 shares of the construction company’s stock valued at $8,234,000 after buying an additional 402 shares during the last quarter. AMG National Trust Bank increased its position in United Rentals by 17.6% in the 2nd quarter. AMG National Trust Bank now owns 1,900 shares of the construction company’s stock worth $1,229,000 after buying an additional 285 shares during the period. WD Rutherford LLC lifted its holdings in shares of United Rentals by 302.1% during the second quarter. WD Rutherford LLC now owns 3,329 shares of the construction company’s stock worth $2,153,000 after buying an additional 2,501 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of United Rentals by 5.9% in the second quarter. Raymond James Trust N.A. now owns 1,610 shares of the construction company’s stock valued at $1,041,000 after acquiring an additional 89 shares during the period. 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.