Brokerages Set United Rentals, Inc. (NYSE:URI) Price Target at $814.08

Shares of United Rentals, Inc. (NYSE:URI) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $814.08.

URI has been the topic of a number of research reports. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Bank of America raised their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Finally, Barclays raised their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th.

United Rentals Price Performance

Shares of NYSE:URI opened at $729.59 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. The firm has a fifty day moving average price of $743.13 and a 200 day moving average price of $769.56. United Rentals has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The firm has a market cap of $47.65 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 1.54 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, sell-side analysts expect that United Rentals will post 44.93 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 0.98%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s dividend payout ratio (DPR) is presently 16.83%.

Institutional Trading of United Rentals

Institutional investors have recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new position in shares of United Rentals during the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals during the third quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals during the fourth quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. increased its position in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after acquiring an additional 29 shares during the period. Institutional investors own 96.26% of the company’s stock.

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.