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

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

URI has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Argus boosted their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup decreased their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial reissued a “buy” rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Finally, Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th.

Institutional Investors Weigh In On United Rentals

A number of institutional investors and hedge funds have recently modified their holdings of URI. FMR LLC raised its holdings in United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the last quarter. Capital World Investors increased its position in shares of United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock valued at $1,564,722,000 after buying an additional 323,636 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after buying an additional 1,604,715 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of United Rentals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock worth $1,115,142,000 after buying an additional 20,401 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock valued at $880,778,000 after acquiring an additional 172,340 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 1.6 %

NYSE:URI opened at $741.10 on Friday. The company has a market capitalization of $48.40 billion, a PE ratio of 19.13, a P/E/G ratio of 1.54 and a beta of 1.68. United Rentals has a 52-week low of $596.48 and a 52-week high of $896.98. The stock’s 50 day moving average price is $740.77 and its 200 day moving average price is $769.76. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its 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 return on equity of 34.21% and a net margin of 16.78%. On average, research analysts anticipate that United Rentals will post 44.93 EPS for the current year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) 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.