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

Key Points

• United Rentals, Inc. has been given an average rating of "Moderate Buy" from 19 analysts, with an average 1-year price target of $956.13.
• Shares opened at $1,005.61, showing fluctuations with a 12-month low of $525.91 and a high of $1,021.47.
• The company recently declared a quarterly dividend of $1.79 per share, resulting in an annualized yield of 0.7%.

Shares of United Rentals, Inc. (NYSE:URI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nineteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $956.1250.

A number of equities analysts have recently weighed in on URI shares. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Truist Financial boosted their price objective on shares of United Rentals from $952.00 to $1,194.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Bank of America boosted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group boosted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th.

Hedge Funds Weigh In On United Rentals

Several institutional investors and hedge funds have recently bought and sold shares of URI. Fourth Dimension Wealth LLC acquired a new position in United Rentals during the first quarter worth approximately $26,000. TruNorth Capital Management LLC increased its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in United Rentals during the second quarter worth approximately $28,000. Flaharty Asset Management LLC acquired a new position in United Rentals during the first quarter worth approximately $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Down 1.4%

Shares of NYSE URI opened at $1,005.61 on Friday. United Rentals has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a market capitalization of $64.70 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The firm's 50-day moving average is $948.48 and its two-hundred day moving average is $794.67.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $3.90 billion. During the same period last year, the company earned $10.70 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. Equities analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.7%. United Rentals's dividend payout ratio is 18.52%.

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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