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

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 firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $753.64.

A number of equities research analysts recently issued reports on URI shares. Evercore ISI lowered their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Truist Financial increased their price objective on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Bank of America reduced their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and increased their target price for the company from $485.00 to $780.00 in a research note on Friday, May 16th.

Insider Activity

In other news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

Institutional Trading of United Rentals

Several large investors have recently modified their holdings of the business. Adell Harriman & Carpenter Inc. grew its stake in shares of United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after purchasing an additional 14 shares during the last quarter. Valmark Advisers Inc. grew its stake in shares of United Rentals by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after purchasing an additional 14 shares during the last quarter. Erste Asset Management GmbH grew its stake in shares of United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after purchasing an additional 14 shares during the last quarter. Forum Financial Management LP lifted its holdings in United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after buying an additional 14 shares during the period. Finally, American Trust lifted its holdings in United Rentals by 1.1% in the first quarter. American Trust now owns 1,242 shares of the construction company's stock worth $778,000 after buying an additional 14 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Down 3.0%

Shares of URI stock opened at $695.09 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a market capitalization of $45.18 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. The business's fifty day moving average is $662.96 and its 200 day moving average is $692.54.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter last year, the business posted $9.15 EPS. The company's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.03%. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

United Rentals Company Profile

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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