United Rentals (NYSE:URI) Upgraded at Robert W. Baird

United Rentals (NYSE:URI) was upgraded by research analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat reports. The brokerage currently has a $658.00 target price on the construction company’s stock. Robert W. Baird’s price target points to a potential downside of 4.37% from the stock’s current price.

URI has been the topic of several other research reports. Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Truist Financial upped their price objective on United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Finally, Citigroup lifted their price objective on shares of United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $817.75.

United Rentals Price Performance

Shares of URI opened at $688.06 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals has a twelve month low of $545.16 and a twelve month high of $896.98. The stock has a market capitalization of $45.15 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.83 and a beta of 1.69. The company has a 50 day moving average of $787.08 and a 200-day moving average of $759.44.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $11.73 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that United Rentals will post 43.46 EPS for the current fiscal year.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in United Rentals in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of United Rentals in the third quarter worth $31,000. Carmichael Hill & Associates Inc. lifted its position in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after purchasing an additional 20 shares during the period. HM Payson & Co. bought a new position in United Rentals in the 3rd quarter valued at about $41,000. Finally, Trust Co. of Vermont raised its position in shares of United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock valued at $49,000 after buying an additional 60 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

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.