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

Shares of United Rentals, Inc. (NYSE:URI) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $814.08.

A number of analysts recently commented on the company. Truist Financial reiterated a “buy” rating and set a $956.00 price objective (down previously from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Morgan Stanley reduced their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, Argus lifted their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On United Rentals

A number of hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its position in shares of United Rentals by 8.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 83,033 shares of the construction company’s stock worth $58,414,000 after purchasing an additional 6,194 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of United Rentals by 483.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 45,757 shares of the construction company’s stock worth $32,233,000 after purchasing an additional 37,919 shares during the period. Farringdon Capital Ltd. bought a new position in shares of United Rentals in the fourth quarter worth approximately $370,000. Marshall Wace LLP boosted its position in shares of United Rentals by 105.6% in the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company’s stock worth $384,740,000 after purchasing an additional 280,502 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of United Rentals by 4.9% during the fourth quarter. NewEdge Advisors LLC now owns 2,701 shares of the construction company’s stock worth $1,903,000 after acquiring an additional 127 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Down 0.7 %

Shares of NYSE:URI opened at $729.59 on Friday. The company has a market cap of $47.65 billion, a P/E ratio of 18.83, a PEG ratio of 1.54 and a beta of 1.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals has a 1 year low of $596.48 and a 1 year high of $896.98. The stock’s fifty day moving average price is $743.13 and its 200-day moving average price is $769.56.

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

United Rentals Increases Dividend

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

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.