United Rentals (NYSE:URI) Hits New 1-Year High - Still a Buy?

Key Points

• United Rentals, Inc. (NYSE:URI) reached a new 52-week high of $951.54, closing at $950.59 with a trading volume of 276,855 shares.
• Analysts have revised their price targets for the stock, with KeyCorp setting a new target of $960.00, while the average target now sits at $834.64.
• United Rentals announced a quarterly dividend of $1.79, leading to an annualized payout of $7.16 and a yield of 0.8%.

United Rentals, Inc. (NYSE:URI - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $951.54 and last traded at $950.59, with a volume of 276855 shares traded. The stock had previously closed at $943.70.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp lifted their price objective on shares of United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Truist Financial lifted their target price on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Citigroup reiterated a "buy" rating and issued a $810.00 target price (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. Finally, Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $834.64.

United Rentals Trading Up 0.7%

The stock has a 50-day moving average of $836.54 and a 200 day moving average of $717.97. The stock has a market cap of $61.16 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.18 and a beta of 1.72. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $1.79 dividend. 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 currently 18.52%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of URI. Integrated Wealth Concepts LLC lifted its holdings in United Rentals by 7.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 382 shares of the construction company's stock valued at $269,000 after acquiring an additional 27 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in United Rentals in the fourth quarter valued at approximately $844,000. Quarry LP acquired a new position in United Rentals in the fourth quarter valued at approximately $54,000. Northern Trust Corp lifted its holdings in United Rentals by 15.4% in the fourth quarter. Northern Trust Corp now owns 656,053 shares of the construction company's stock valued at $462,150,000 after acquiring an additional 87,617 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in United Rentals by 2,196.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 19,931 shares of the construction company's stock valued at $14,040,000 after acquiring an additional 19,063 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.