United Rentals, Inc. (NYSE:URI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of United Rentals, Inc. (NYSE:URI) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $1,045.8125.

Several research analysts have recently weighed in on URI shares. Barclays increased their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a report on Friday, April 24th. Evercore reiterated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Robert W. Baird increased their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th.

United Rentals Trading Down 2.6%

Shares of URI stock opened at $1,064.69 on Wednesday. The firm has a 50-day moving average price of $966.13 and a 200 day moving average price of $875.56. United Rentals has a twelve month low of $701.59 and a twelve month high of $1,106.88. The company has a market capitalization of $66.70 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.73 and a beta of 1.81. The company has a current ratio of 0.80, a quick ratio of 0.74 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 net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm posted $8.86 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts forecast that United Rentals will post 47.26 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Insider Activity at United Rentals

In other news, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer directly owned 99,980 shares in the company, valued at $98,478,300.40. This represents a 18.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the 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 transaction, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

Institutional Trading of United Rentals

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC increased its position in United Rentals by 56.3% during the 1st quarter. Western Wealth Management LLC now owns 1,411 shares of the construction company’s stock worth $1,028,000 after purchasing an additional 508 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in United Rentals during the 1st quarter worth approximately $7,382,000. Parallel Advisors LLC increased its position in United Rentals by 0.8% during the 1st quarter. Parallel Advisors LLC now owns 1,485 shares of the construction company’s stock worth $1,082,000 after purchasing an additional 12 shares in the last quarter. Optiver Holding B.V. acquired a new stake in United Rentals during the 1st quarter worth approximately $82,000. Finally, Asset Dedication LLC increased its position in United Rentals by 185.2% during the 1st quarter. Asset Dedication LLC now owns 154 shares of the construction company’s stock worth $112,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

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.