United Rentals, Inc. (NYSE:URI) Receives Average Recommendation of “Hold” from Brokerages

United Rentals, Inc. (NYSE:URI) has received a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $770.71.

A number of equities analysts recently weighed in on URI shares. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Truist Financial upped their target price on shares of United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Barclays boosted their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Citigroup raised their price objective on United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Rentals

A number of large investors have recently bought and sold shares of URI. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. lifted its stake in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of United Rentals by 280.0% in the 2nd quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. HM Payson & Co. bought a new position in shares of United Rentals in the 3rd quarter valued at $41,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of United Rentals during the 2nd quarter worth $45,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI opened at $716.54 on Friday. The company has a 50 day moving average of $815.52 and a 200-day moving average of $753.42. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $47.02 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.83 and a beta of 1.66. United Rentals has a twelve month low of $533.70 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.73 EPS. As a group, equities research analysts forecast that United Rentals will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.91%. United Rentals’s dividend payout ratio is presently 17.03%.

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.