United Rentals (NYSE:URI) Given New $1,466.00 Price Target at Truist Financial

United Rentals (NYSE:URI) had its price target increased by Truist Financial from $1,421.00 to $1,466.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $1,050.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. UBS Group restated a “buy” rating and set a $1,350.00 target price on shares of United Rentals in a report on Thursday. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Robert W. Baird set a $1,300.00 price target on United Rentals in a report on Friday. Finally, Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the company an “overweight” rating in a research report on Friday. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,226.50.

United Rentals Stock Performance

United Rentals stock opened at $1,140.19 on Friday. The company has a market cap of $71.43 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.79. United Rentals has a 12 month low of $701.59 and a 12 month high of $1,177.67. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.74. The stock’s 50-day moving average is $1,052.87 and its 200-day moving average is $919.10.

United Rentals (NYSE:URI) last posted its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the company earned $10.47 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that United Rentals will post 46.85 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio is presently 18.92%.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were 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 approximately $5,479,732.62. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On United Rentals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in United Rentals in the fourth quarter worth approximately $28,000. MV Capital Management Inc. bought a new stake in shares of United Rentals in the 4th quarter worth $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth $32,000. Fortitude Family Office LLC lifted its holdings in shares of United Rentals by 121.1% in the fourth quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock valued at $34,000 after buying an additional 23 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at $34,000. Institutional investors own 96.26% of the company’s stock.

Key Stories Impacting United Rentals

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: JPMorgan raised its price target on United Rentals to $1,235 and kept an overweight rating, signaling confidence in continued upside. JPMorgan price target increase
• Positive Sentiment: Truist boosted its target to $1,466 and maintained a buy rating, reflecting a more optimistic view of URI’s earnings power and demand trends. Truist price target increase
• Positive Sentiment: Citigroup raised its target to $1,330 with a buy rating after the company’s strong Q2 results and improved guidance. Citigroup price target increase
• Positive Sentiment: Bank of America increased its target to $1,300 and reiterated a buy rating, adding to the positive analyst momentum around the stock. Bank of America price target increase
• Positive Sentiment: United Rentals reported Q2 earnings of $12.76 per share and revenue of $4.41 billion, both ahead of expectations, and raised full-year guidance on stronger rental growth and demand. Q2 earnings beat and guidance raise
• Neutral Sentiment: The company also declared a quarterly dividend of $1.97 per share, which is a modest shareholder-return update but not likely the main driver of today’s trading. Dividend announcement

About United Rentals

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.