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

Key Points

• United Rentals has a “Moderate Buy” consensus rating from 18 analysts, with 16 buy ratings, one strong buy and one sell. The average 12-month price target is $1,246.19, with several firms recently raising targets to between $1,235 and $1,355.
• The company exceeded quarterly expectations, reporting $12.76 in EPS on $4.41 billion in revenue, while revenue increased 11.8% year over year. Analysts expect full-year EPS of approximately $48.55.
• United Rentals paid a quarterly dividend of $1.97, equivalent to an annualized $7.88 and a 0.8% yield. Institutional investors own 96.26% of the company, while corporate insiders own 0.47%.

Shares of United Rentals, Inc. (NYSE:URI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $1,246.1875.

A number of brokerages recently weighed in on URI. BNP Paribas Exane upgraded shares of United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 price objective for the company in a report on Monday, June 29th. Wall Street Zen raised shares of United Rentals from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Wells Fargo & Company boosted 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 research note on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on United Rentals from $1,100.00 to $1,235.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. Finally, KeyCorp reiterated an "overweight" rating and issued a $1,350.00 price objective on shares of United Rentals in a research note on Friday, July 24th.

Insider Transactions at United Rentals

In other United Rentals news, EVP William Grace sold 1,500 shares of the business's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.

Institutional Trading of United Rentals

A number of hedge funds and other institutional investors have recently bought and sold shares of URI. Great Valley Advisor Group Inc. raised its stake in shares of United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock worth $292,000 after buying an additional 11 shares during the period. PFG Investments LLC grew its stake in shares of United Rentals by 0.9% during the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock valued at $854,000 after acquiring an additional 11 shares during the period. CoreCap Advisors LLC grew its stake 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 valued at $86,000 after acquiring an additional 11 shares during the period. Legacy Financial Advisors Inc. increased its holdings in United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock worth $260,000 after acquiring an additional 12 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its stake in 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 acquiring an additional 12 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Price Performance

URI opened at $1,009.78 on Monday. The stock's 50-day moving average price is $1,087.43 and its 200 day moving average price is $962.34. United Rentals has a 12-month low of $701.59 and a 12-month high of $1,179.18. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The firm has a market cap of $62.85 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.49 and a beta of 1.79.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts' consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion during 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%.United Rentals's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the business posted $10.47 EPS. As a group, sell-side analysts expect that United Rentals will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors 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 annualized dividend and a yield of 0.8%. United Rentals's dividend payout ratio (DPR) is 18.92%.

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.

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