Evercore ISI Has Lowered Expectations for United Rentals (NYSE:URI) Stock Price

United Rentals (NYSE:URI) had its price target decreased by Evercore ISI from $1,004.00 to $974.00 in a report released on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the construction company’s stock.

URI has been the subject of a number of other research reports. Argus raised their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $940.00 to $1,000.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup lowered their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Barclays lifted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Finally, Bank of America lifted their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Stock Performance

NYSE URI opened at $656.42 on Wednesday. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.46 and a beta of 1.68. The company has a 50 day moving average of $731.32 and a 200-day moving average of $769.34. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. United Rentals has a 1-year low of $596.48 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, equities analysts forecast that United Rentals will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This is a positive change from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.48%.

Institutional Trading of United Rentals

Large investors have recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC increased its stake in shares of United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after purchasing an additional 13 shares in the last quarter. Allen Capital Group LLC boosted its stake in shares of United Rentals by 4.2% in the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares in the last quarter. First County Bank CT boosted its position in United Rentals by 3.2% during the 3rd quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after buying an additional 13 shares during the period. Concurrent Investment Advisors LLC boosted its position in United Rentals by 3.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 453 shares of the construction company’s stock valued at $367,000 after buying an additional 14 shares during the period. Finally, Adell Harriman & Carpenter Inc. raised its holdings in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after purchasing an additional 14 shares in the last quarter. 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.