United Rentals (NYSE:URI) Price Target Raised to $650.00 at Robert W. Baird

United Rentals (NYSE:URI) had its price objective hoisted by Robert W. Baird from $565.00 to $650.00 in a research note released on Thursday. Robert W. Baird currently has an underperform rating on the construction company’s stock.

A number of other analysts have also recently commented on the company. Citigroup initiated coverage on United Rentals in a research note on Wednesday, June 26th. They issued a buy rating and a $745.00 price target for the company. Truist Financial increased their target price on shares of United Rentals from $785.00 to $873.00 and gave the stock a buy rating in a report on Friday, July 26th. Evercore ISI lifted their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an outperform rating in a research report on Monday, August 19th. Raymond James started coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an outperform rating and a $750.00 price objective for the company. Finally, The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the stock a buy rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $694.46.

United Rentals Stock Performance

Shares of NYSE:URI opened at $789.52 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. United Rentals has a 1-year low of $387.01 and a 1-year high of $826.24. The stock has a market capitalization of $52.57 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.84 and a beta of 1.68. The business has a 50-day moving average price of $735.99 and a two-hundred day moving average price of $695.92.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $9.88 earnings per share. Equities analysts predict that United Rentals will post 44.39 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.83%. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC bought a new stake in United Rentals during the fourth quarter worth $779,000. Rafferty Asset Management LLC lifted its stake in United Rentals by 3.8% in the 4th quarter. Rafferty Asset Management LLC now owns 6,542 shares of the construction company’s stock valued at $3,751,000 after purchasing an additional 237 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in United Rentals by 123.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,199 shares of the construction company’s stock worth $5,275,000 after purchasing an additional 5,076 shares during the period. Cetera Advisor Networks LLC increased its position in United Rentals by 14.0% during the fourth quarter. Cetera Advisor Networks LLC now owns 11,114 shares of the construction company’s stock worth $6,373,000 after buying an additional 1,363 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in United Rentals by 34.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,952 shares of the construction company’s stock valued at $4,560,000 after buying an additional 2,043 shares during the period. 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.