United Rentals, Inc. (NYSE:URI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of United Rentals, Inc. (NYSE:URI) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,239.19.

A number of brokerages recently commented on URI. KeyCorp reaffirmed an “overweight” rating and issued a $1,350.00 target price on shares of United Rentals in a research report on Friday, July 24th. Argus reiterated a “buy” rating and issued a $1,250.00 price target on shares of United Rentals in a report on Tuesday, August 4th. Robert W. Baird set a $1,300.00 price target on United Rentals in a report on Friday, July 24th. Truist Financial reduced their price objective on United Rentals from $1,466.00 to $1,395.00 and set a “buy” rating for the company in a research note on Monday. Finally, Citigroup restated a “buy” rating on shares of United Rentals in a report on Monday, September 14th.

United Rentals Stock Up 1.3%

United Rentals stock opened at $1,051.36 on Friday. The company has a market capitalization of $65.44 billion, a PE ratio of 25.25, a PEG ratio of 1.52 and a beta of 1.83. United Rentals has a 12-month low of $701.59 and a 12-month high of $1,179.18. The firm’s fifty day moving average is $1,060.54 and its 200 day moving average is $998.38. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 22nd. The construction company reported $12.76 EPS for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the company posted $10.47 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals will post 48.87 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

Insider Buying and Selling

In other United Rentals news, EVP William Grace sold 1,500 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in URI. Central Pacific Bank Trust Division increased its position in shares of United Rentals by 117.5% during the third quarter. Central Pacific Bank Trust Division now owns 1,242 shares of the construction company’s stock worth $1,243,000 after acquiring an additional 671 shares in the last quarter. Eastern Bank lifted its position in United Rentals by 20.0% in the 3rd quarter. Eastern Bank now owns 20,593 shares of the construction company’s stock valued at $20,609,000 after acquiring an additional 3,427 shares in the last quarter. QRG Capital Management Inc. lifted its position in United Rentals by 9.2% in the 2nd quarter. QRG Capital Management Inc. now owns 3,818 shares of the construction company’s stock valued at $4,325,000 after acquiring an additional 322 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in United Rentals by 62.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 946 shares of the construction company’s stock valued at $1,072,000 after purchasing an additional 363 shares during the last quarter. Finally, State Street Corp boosted its stake in United Rentals by 1.1% during the 2nd quarter. State Street Corp now owns 2,993,837 shares of the construction company’s stock valued at $3,391,688,000 after purchasing an additional 32,238 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

About United Rentals

United Rentals, Inc is an equipment rental company headquartered in Stamford, Connecticut. The company provides construction, industrial, commercial, and homeowner customers with access to equipment without requiring them to purchase and maintain their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trench safety products, power-generation and climate-control equipment, pumps, tools, and general construction equipment. United Rentals also provides specialty services such as mobile storage, fluid solutions, power and HVAC support, and project-based equipment management.

Founded in 1997, United Rentals has grown through organic expansion and acquisitions into a large equipment-rental network serving customers primarily in the United States and Canada, with additional operations in Europe and Australia.