United Rentals (NYSE:URI) Shares Break Above 50-Day Moving Average – Time to Sell?

United Rentals, Inc. (NYSE:URI) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $1,055.98 and traded as high as $1,145.87. United Rentals shares last traded at $1,128.51, with a volume of 464,820 shares changing hands.

Analyst Ratings Changes

URI has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $1,258.00 price objective on United Rentals in a research report on Friday, October 23rd. Wells Fargo & Company increased their target price on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Truist Financial lifted their price target on shares of United Rentals from $1,395.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Weiss Ratings raised shares of United Rentals from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, November 4th. Finally, Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,238.53.

United Rentals Trading Up 6.9%

The stock has a market capitalization of $69.88 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.57 and a beta of 1.82. The company’s 50-day moving average is $1,055.98 and its 200-day moving average is $976.43. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.35.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 21st. The construction company reported $15.55 earnings per share for the quarter, beating the consensus estimate of $13.97 by $1.58. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.71 billion. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. United Rentals’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $11.70 EPS. Research analysts anticipate that United Rentals, Inc. will post 51.51 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be issued a dividend of $1.97 per share. The ex-dividend date is Tuesday, November 10th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 17.32%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd purchased a new position in United Rentals in the second quarter worth approximately $29,000. MidFirst Bank acquired a new stake in United Rentals during the second quarter worth $31,000. Bell Investment Advisors Inc purchased a new stake in United Rentals in the second quarter valued at $40,000. Laurel Wealth Advisors LLC purchased a new stake in United Rentals in the third quarter valued at $40,000. Finally, Frazier Financial Advisors LLC lifted its stake in shares of United Rentals by 33.3% in the 1st quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock valued at $41,000 after purchasing an additional 14 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Company Profile