Analysts Set United Rentals, Inc. (NYSE:URI) Price Target at $440.46

Shares of United Rentals, Inc. (NYSE:URI – Get Rating) have been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $440.46.

A number of equities research analysts recently commented on URI shares. Stifel Nicolaus lifted their price target on shares of United Rentals from $450.00 to $505.00 and gave the stock a “buy” rating in a report on Friday, January 27th. StockNews.com started coverage on United Rentals in a research note on Thursday. They set a “hold” rating for the company. UBS Group lifted their price objective on United Rentals from $460.00 to $512.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of United Rentals from $341.00 to $399.00 and gave the company a “hold” rating in a report on Friday, January 27th. Finally, Wells Fargo & Company lifted their target price on shares of United Rentals from $435.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th.

United Rentals Trading Down 6.8 %

Shares of United Rentals stock opened at $370.09 on Friday. The firm has a market cap of $25.65 billion, a PE ratio of 12.44, a P/E/G ratio of 0.58 and a beta of 1.85. United Rentals has a 1 year low of $230.54 and a 1 year high of $481.99. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.11 and a quick ratio of 1.02. The stock has a fifty day moving average price of $431.97 and a 200-day moving average price of $359.57.

United Rentals (NYSE:URI – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The construction company reported $9.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.38). The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. United Rentals had a return on equity of 36.12% and a net margin of 18.08%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $7.39 EPS. Equities research analysts anticipate that United Rentals will post 41.69 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, February 7th. United Rentals’s dividend payout ratio (DPR) is presently 4.97%.

Insiders Place Their Bets

In other news, CEO Matthew John Flannery sold 12,000 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $477.99, for a total transaction of $5,735,880.00. Following the completion of the transaction, the chief executive officer now directly owns 101,276 shares in the company, valued at approximately $48,408,915.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Matthew John Flannery sold 12,000 shares of United Rentals stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $477.99, for a total transaction of $5,735,880.00. Following the completion of the sale, the chief executive officer now owns 101,276 shares in the company, valued at approximately $48,408,915.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 519 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $432.00, for a total transaction of $224,208.00. Following the completion of the transaction, the vice president now owns 2,235 shares in the company, valued at $965,520. The disclosure for this sale can be found here. Insiders have sold 30,672 shares of company stock worth $13,871,422 in the last three months. 0.53% of the stock is currently owned by corporate insiders.

Institutional Trading of United Rentals

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in United Rentals during the fourth quarter worth about $586,415,000. Moneta Group Investment Advisors LLC lifted its position in United Rentals by 104,089.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,341,964 shares of the construction company’s stock worth $476,961,000 after buying an additional 1,340,676 shares during the last quarter. Findlay Park Partners LLP purchased a new stake in United Rentals in the fourth quarter worth approximately $137,604,000. Price T Rowe Associates Inc. MD grew its position in United Rentals by 146.5% during the third quarter. Price T Rowe Associates Inc. MD now owns 615,729 shares of the construction company’s stock valued at $166,322,000 after acquiring an additional 365,935 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of United Rentals by 27.0% in the 3rd quarter. Boston Partners now owns 1,168,327 shares of the construction company’s stock worth $317,729,000 after acquiring an additional 248,072 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

United Rentals Company Profile

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United Rentals, Inc engages in the equipment rental business. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The Specialty segment focuses on the rental of specialty construction products such as trench safety equipment, power and HVAC equipment, fluid solutions equipment, mobile storage equipment and modular office space.