United Rentals (NYSE:URI) Given New $905.00 Price Target at The Goldman Sachs Group

United Rentals (NYSE:URI) had its price target raised by The Goldman Sachs Group from $790.00 to $905.00 in a research report report published on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also commented on URI. Raymond James assumed coverage on United Rentals in a research report on Friday, June 28th. They set an outperform rating and a $750.00 price objective for the company. Stifel Nicolaus raised their price target on shares of United Rentals from $720.00 to $750.00 and gave the stock a buy rating in a report on Friday, April 26th. Oppenheimer reiterated a market perform rating on shares of United Rentals in a research note on Monday, April 29th. Citigroup assumed coverage on shares of United Rentals in a research note on Wednesday, June 26th. They set a buy rating and a $745.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research note on Friday, June 7th. They issued an overweight rating and a $780.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $670.92.

United Rentals Stock Down 1.0 %

URI stock opened at $744.81 on Friday. The company’s 50 day simple moving average is $665.71 and its 200-day simple moving average is $664.92. United Rentals has a 52-week low of $387.01 and a 52-week high of $789.80. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market capitalization of $49.60 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.23 and a beta of 1.71.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $9.88 EPS. As a group, equities research analysts anticipate that United Rentals will post 44.04 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Transactions at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of URI. First Financial Corp IN acquired a new stake in United Rentals during the 1st quarter worth approximately $25,000. Crewe Advisors LLC bought a new stake in shares of United Rentals during the first quarter worth $27,000. RFP Financial Group LLC raised its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the period. AdvisorNet Financial Inc lifted its position in United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Finally, Rise Advisors LLC acquired a new position in United Rentals in the 1st quarter worth $28,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

About United Rentals

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.