Truist Financial Lowers United Rentals (NYSE:URI) Price Target to $963.00

United Rentals (NYSE:URI) had its price objective decreased by equities researchers at Truist Financial from $965.00 to $963.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 27.87% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Barclays lifted their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Bank of America upped their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $805.08.

United Rentals Price Performance

Shares of URI traded up $11.64 during mid-day trading on Thursday, reaching $753.13. The company had a trading volume of 130,056 shares, compared to its average volume of 678,838. United Rentals has a twelve month low of $545.16 and a twelve month high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company’s 50-day moving average is $782.94 and its 200-day moving average is $759.89. The company has a market capitalization of $49.42 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.46 and a beta of 1.69.

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

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was 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 approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Trading of United Rentals

Hedge funds have recently made changes to their positions in the stock. Bernardo Wealth Planning LLC bought a new position in United Rentals during the 4th quarter valued at approximately $216,000. Clarius Group LLC grew its stake in shares of United Rentals by 7.4% in the fourth quarter. Clarius Group LLC now owns 492 shares of the construction company’s stock worth $347,000 after acquiring an additional 34 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in shares of United Rentals by 6.7% during the fourth quarter. Oak Ridge Investments LLC now owns 7,423 shares of the construction company’s stock valued at $5,229,000 after acquiring an additional 466 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of United Rentals by 125.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 987 shares of the construction company’s stock worth $695,000 after purchasing an additional 549 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its stake in United Rentals by 4.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 678 shares of the construction company’s stock worth $478,000 after purchasing an additional 26 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

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.