United Rentals, Inc. (NYSE:URI) Receives $1,045.81 Consensus Price Target from Analysts

United Rentals, Inc. (NYSE:URI) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and fifteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $1,096.75.

Several equities research analysts recently weighed in on URI shares. Truist Financial set a $1,209.00 target price on shares of United Rentals in a research note on Friday, April 24th. Robert W. Baird upped their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. UBS Group boosted their price target on shares of United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target for the company in a report on Monday.

United Rentals Price Performance

Shares of URI opened at $1,133.64 on Wednesday. United Rentals has a fifty-two week low of $701.59 and a fifty-two week high of $1,143.69. The firm’s 50 day moving average price is $1,000.42 and its 200 day moving average price is $886.92. The company has a market cap of $71.02 billion, a P/E ratio of 28.92, a PEG ratio of 1.79 and a beta of 1.81. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the company earned $8.86 earnings per share. United Rentals’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that United Rentals will post 46.76 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s payout ratio is 20.10%.

Insider Activity

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. The trade was a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This trade represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in United Rentals during the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter valued at $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals in the 4th quarter valued at $28,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the 4th quarter valued at $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Company Profile

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.