United Rentals, Inc. (NYSE:URI) Receives $572.20 Average PT from Analysts

Shares of United Rentals, Inc. (NYSE:URI) have received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $572.20.

URI has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on United Rentals from $494.00 to $591.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Wells Fargo & Company increased their price target on United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Robert W. Baird increased their price target on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research note on Friday, January 26th. KeyCorp lowered United Rentals from an “overweight” rating to a “sector weight” rating in a research note on Monday, December 4th. Finally, Truist Financial started coverage on United Rentals in a research note on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target for the company.

United Rentals Price Performance

NYSE URI opened at $720.15 on Thursday. The business’s fifty day moving average price is $660.00 and its 200-day moving average price is $543.15. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.62 and a beta of 1.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75. United Rentals has a 1-year low of $325.15 and a 1-year high of $732.37.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 24th. The construction company reported $11.26 earnings per share for the quarter, beating the consensus estimate of $10.85 by $0.41. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.63 billion. United Rentals had a return on equity of 36.80% and a net margin of 16.91%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.74 EPS. On average, equities analysts predict that United Rentals will post 42.9 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $6.52 annualized dividend and a yield of 0.91%. This is an increase from United Rentals’s previous quarterly dividend of $1.48. United Rentals’s dividend payout ratio (DPR) is presently 18.44%.

United Rentals announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other United Rentals news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

Institutional Trading of United Rentals

Several institutional investors and hedge funds have recently modified their holdings of URI. OFI Invest Asset Management bought a new stake in shares of United Rentals during the third quarter valued at approximately $25,000. MUFG Americas Holdings Corp raised its stake in shares of United Rentals by 1,900.0% during the third quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock valued at $27,000 after acquiring an additional 95 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of United Rentals during the second quarter valued at approximately $27,000. AdvisorNet Financial Inc raised its stake in shares of United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of United Rentals during the third quarter valued at approximately $29,000. Institutional investors own 96.26% of the company’s stock.

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.