United Rentals, Inc. (NYSE:URI) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• United Rentals, Inc. has received an average rating of "Moderate Buy" from analysts, with nine buy ratings, one strong buy, five holds, and one sell rating among the sixteen brokerages covering the company.
• The average 12-month target price for URI shares is approximately $834.64, with recent targets set as high as $952.00 by Truist Financial.
• United Rentals announced a quarterly dividend of $1.79 per share, representing a yield of 0.8% and a payout ratio of 18.52%.

United Rentals, Inc. (NYSE:URI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $834.6429.

URI has been the topic of a number of analyst reports. Argus set a $935.00 price objective on United Rentals in a research report on Tuesday, August 12th. UBS Group lifted their target price on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Evercore ISI reiterated an "outperform" rating on shares of United Rentals in a research report on Tuesday, August 19th. Truist Financial boosted their price target on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Citigroup restated a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th.

United Rentals Price Performance

NYSE URI opened at $950.59 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $61.16 billion, a P/E ratio of 24.58, a PEG ratio of 2.18 and a beta of 1.72. The company has a 50-day moving average price of $836.54 and a 200-day moving average price of $717.97. United Rentals has a 52 week low of $525.91 and a 52 week high of $951.54.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm posted $10.70 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Equities research analysts anticipate that United Rentals will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals's dividend payout ratio is 18.52%.

Institutional Trading of United Rentals

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its stake in shares of United Rentals by 7.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 382 shares of the construction company's stock worth $269,000 after purchasing an additional 27 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in United Rentals during the fourth quarter valued at approximately $844,000. Quarry LP purchased a new position in United Rentals in the fourth quarter worth $54,000. Northern Trust Corp lifted its holdings in shares of United Rentals by 15.4% during the 4th quarter. Northern Trust Corp now owns 656,053 shares of the construction company's stock valued at $462,150,000 after purchasing an additional 87,617 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in United Rentals by 2,196.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 19,931 shares of the construction company's stock valued at $14,040,000 after buying an additional 19,063 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

About United Rentals

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.

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