United Rentals, Inc. (NYSE:URI) Receives $638.40 Consensus Price Target from Brokerages

United Rentals, Inc. (NYSE:URI) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $637.67.

URI has been the subject of several recent research reports. Raymond James initiated coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Citigroup initiated coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Truist Financial reduced their price objective on shares of United Rentals from $796.00 to $785.00 and set a “buy” rating for the company in a research note on Tuesday.

Insider Buying and Selling at United Rentals

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

Institutional Investors Weigh In On United Rentals

Hedge funds have recently made changes to their positions in the business. First Financial Corp IN bought a new stake in shares of United Rentals in the 1st quarter worth approximately $25,000. Crewe Advisors LLC bought a new stake in shares of United Rentals in the 1st quarter worth approximately $27,000. AdvisorNet Financial Inc lifted its holdings in shares of United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after acquiring an additional 20 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of United Rentals in the 1st quarter worth approximately $28,000. Finally, Riverview Trust Co bought a new stake in shares of United Rentals in the 1st quarter worth approximately $31,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of URI stock opened at $654.09 on Friday. The firm has a market cap of $43.56 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 2.12 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. United Rentals has a 52 week low of $387.01 and a 52 week high of $732.37. The firm’s 50-day simple moving average is $660.27 and its two-hundred day simple moving average is $646.89.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $7.95 earnings per share. As a group, equities analysts forecast that United Rentals will post 43.71 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a yield of 1.00%. United Rentals’s payout ratio is presently 17.66%.

United Rentals Company Profile

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.