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

United Rentals, Inc. (NYSE:URI) has received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $675.15.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. started coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Evercore ISI boosted their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Truist Financial boosted their price target on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Raymond James started coverage on shares of United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock.

Insider Activity

In other news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On United Rentals

Large investors have recently added to or reduced their stakes in the business. First Financial Corp IN purchased a new stake in United Rentals during the 1st quarter worth approximately $25,000. Crewe Advisors LLC purchased a new stake in United Rentals during the 1st quarter worth approximately $27,000. Rise Advisors LLC acquired a new position in United Rentals during the 1st quarter worth approximately $28,000. RFP Financial Group LLC grew its holdings in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in United Rentals during the 1st quarter worth approximately $31,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Up 1.7 %

Shares of NYSE URI opened at $741.66 on Thursday. The company’s 50-day simple moving average is $712.20 and its 200-day simple moving average is $684.81. United Rentals has a 52-week low of $387.01 and a 52-week high of $789.80. The firm has a market cap of $49.05 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $9.88 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts predict that United Rentals will post 44.39 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is 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.