United Rentals’ (URI) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of United Rentals (NYSE:URI) in a research note released on Thursday morning,Benzinga reports. They currently have a $1,323.00 price target on the construction company’s stock.

Other analysts have also issued research reports about the stock. Argus reissued a “buy” rating and issued a $1,250.00 price objective on shares of United Rentals in a research report on Tuesday, August 4th. Morgan Stanley set a $1,335.00 target price on shares of United Rentals and gave the company an “overweight” rating in a research report on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research note on Wednesday, June 10th. KeyCorp reissued an “overweight” rating and set a $1,350.00 price target on shares of United Rentals in a research report on Friday, July 24th. Finally, Truist Financial increased their price objective on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus target price of $1,243.62.

United Rentals Stock Up 2.4%

NYSE:URI opened at $1,046.32 on Thursday. The stock has a 50-day simple moving average of $1,065.91 and a 200 day simple moving average of $977.94. United Rentals has a 52-week low of $701.59 and a 52-week high of $1,179.18. The company has a market cap of $65.12 billion, a PE ratio of 25.13, a PEG ratio of 1.54 and a beta of 1.79. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 22nd. The construction company reported $12.76 EPS for the quarter, beating the consensus estimate of $11.53 by $1.23. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.47 EPS. On average, sell-side analysts expect that United Rentals will post 48.7 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio is 18.92%.

Insider Activity at United Rentals

In other United Rentals news, EVP William Grace sold 1,500 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

Institutional Trading of United Rentals

Institutional investors have recently modified their holdings of the stock. Cidel Asset Management Inc. lifted its stake in United Rentals by 2.4% during the second quarter. Cidel Asset Management Inc. now owns 425 shares of the construction company’s stock worth $481,000 after purchasing an additional 10 shares during 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 valued at $854,000 after purchasing an additional 11 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock worth $86,000 after buying an additional 11 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its position in shares of United Rentals by 2.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock worth $441,000 after buying an additional 12 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of United Rentals by 0.8% during the 1st quarter. Parallel Advisors LLC now owns 1,485 shares of the construction company’s stock worth $1,082,000 after buying an additional 12 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

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.