United Rentals, Inc. (NYSE:URI) Receives Average Rating of “Moderate Buy” from Brokerages

United Rentals, Inc. (NYSE:URI) has earned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1,006.1250.

A number of analysts recently issued reports on URI shares. Royal Bank Of Canada raised their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Finally, Truist Financial set a $1,209.00 price objective on United Rentals in a research report on Friday, April 24th.

United Rentals Trading Up 0.9%

Shares of URI stock opened at $996.99 on Friday. The stock’s fifty day moving average is $854.91 and its two-hundred day moving average is $845.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a market capitalization of $62.46 billion, a P/E ratio of 25.43, a PEG ratio of 1.57 and a beta of 1.83. United Rentals has a fifty-two week low of $681.98 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm posted $8.86 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Research analysts expect that United Rentals will post 47.07 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is currently 20.10%.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. raised its holdings in United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares in the last quarter. Gleason Group Inc. increased its stake in shares of United Rentals by 4.3% in the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after acquiring an additional 11 shares in the last quarter. Bridgewater Advisors Inc. increased its stake in shares of United Rentals by 1.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after acquiring an additional 11 shares in the last quarter. PFG Investments LLC increased its stake in shares of United Rentals by 0.9% in the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock worth $854,000 after acquiring an additional 11 shares in the last quarter. Finally, Howard Capital Management Inc. increased its stake in shares of United Rentals by 3.1% in the 3rd quarter. Howard Capital Management Inc. now owns 395 shares of the construction company’s stock worth $377,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.