United Rentals, Inc. (NYSE:URI) Given Average Rating of “Hold” by Analysts

United Rentals, Inc. (NYSE:URIGet Free Report) has been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $612.73.

A number of brokerages recently commented on URI. JPMorgan Chase & Co. began coverage on United Rentals in a research note on Friday. They issued an “overweight” rating and a $780.00 target price for the company. Stifel Nicolaus increased their price objective on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Evercore ISI increased their price objective on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Truist Financial increased their price objective on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, The Goldman Sachs Group increased their price objective on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th.

Read Our Latest Research Report on URI

Insider Activity

In related news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Rentals

Several hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in United Rentals by 39.1% in the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after acquiring an additional 1,799,997 shares during the last quarter. Norges Bank bought a new position in United Rentals during the fourth quarter worth about $977,443,000. Dimensional Fund Advisors LP boosted its holdings in United Rentals by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after buying an additional 56,948 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in United Rentals by 58,829.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after buying an additional 1,041,281 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in United Rentals by 19.1% during the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock worth $414,974,000 after buying an additional 149,838 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE URI opened at $645.10 on Tuesday. The business has a fifty day simple moving average of $672.21 and a 200 day simple moving average of $631.30. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $42.96 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 2.09 and a beta of 1.75. United Rentals has a one year low of $382.24 and a one year high of $732.37.

United Rentals (NYSE:URIGet Free Report) last issued its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. United Rentals’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $7.95 earnings per share. Sell-side analysts expect that United Rentals will post 43.61 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.01%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

About United Rentals

(Get Free Report

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.

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Analyst Recommendations for United Rentals (NYSE:URI)

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