Shares of United Rentals, Inc. (NYSE:URI – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $1,230.8750.
URI has been the topic of a number of analyst reports. Zacks Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wells Fargo & Company lifted their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Barclays increased their price objective on United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a report on Friday, July 24th. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective on the stock in a report on Monday, June 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price objective on shares of United Rentals in a research report on Wednesday, June 10th.
Read Our Latest Analysis on United Rentals
Insider Buying and Selling at United Rentals
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of URI. Woodline Partners LP raised its holdings in United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock valued at $3,458,000 after acquiring an additional 1,577 shares during the last quarter. Sei Investments Co. lifted its position in United Rentals by 24.7% during the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after buying an additional 5,375 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in United Rentals by 43.6% during the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after buying an additional 17,030 shares during the last quarter. HUB Investment Partners LLC boosted its stake in United Rentals by 11.3% during the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after buying an additional 223 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in United Rentals by 338.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after buying an additional 1,277 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.
United Rentals Price Performance
Shares of URI stock opened at $986.88 on Monday. United Rentals has a 1-year low of $701.59 and a 1-year high of $1,179.18. The stock’s 50-day moving average is $1,076.70 and its 200 day moving average is $966.65. The company has a market cap of $61.42 billion, a P/E ratio of 23.70, a PEG ratio of 1.45 and a beta of 1.79. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.
United Rentals (NYSE:URI – Get Free Report) last announced its 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. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $10.47 earnings per share. Research analysts predict that United Rentals will post 48.7 earnings per share for the current fiscal year.
United Rentals Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is currently 18.92%.
United Rentals Company Profile
United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.
Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.
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