United Rentals, Inc. (URI) – What Are Brokerages Thinking About This Stock?

United Rentals, Inc. (NYSE:URI) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $1,292.88.

A number of analysts have commented on URI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of United Rentals in a report on Wednesday, October 21st. Bank of America restated a “buy” rating on shares of United Rentals in a report on Thursday, October 22nd. Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Truist Financial upped their price target on United Rentals from $1,395.00 to $1,450.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Finally, UBS Group increased their price target on United Rentals from $1,350.00 to $1,450.00 and gave the company a “buy” rating in a report on Thursday, October 22nd.

Institutional Trading of United Rentals

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of United Rentals in the 2nd quarter valued at $5,816,326,000. International Assets Investment Management LLC grew its position in shares of United Rentals by 88,861.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,499,000 shares of the construction company’s stock valued at $1,545,000 after buying an additional 1,497,315 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of United Rentals in the 2nd quarter valued at $944,196,000. The Manufacturers Life Insurance Company acquired a new stake in United Rentals during the 2nd quarter worth $716,129,000. Finally, Bank of New York Mellon Corp acquired a new stake in United Rentals during the 2nd quarter worth $412,860,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Up 0.4%

Shares of URI opened at $1,175.10 on Tuesday. United Rentals has a 52-week low of $701.59 and a 52-week high of $1,202.12. The stock has a market cap of $72.76 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.66 and a beta of 1.83. The firm’s fifty day moving average is $1,050.72 and its two-hundred day moving average is $971.88. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.35.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, beating analysts’ consensus estimates of $13.97 by $1.58. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.71 billion. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $11.70 earnings per share. Research analysts forecast that United Rentals will post 51.17 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $1.97 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is 17.32%.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.