United Rentals (NYSE:URI) Price Target Raised to $955.00 at Citigroup

United Rentals (NYSE:URI) had its price target upped by Citigroup from $930.00 to $955.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

URI has been the topic of several other research reports. Truist Financial raised their price target on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday. Raymond James initiated coverage on shares of United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price for the company. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Robert W. Baird increased their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has an average rating of “Hold” and an average price target of $742.50.

United Rentals Stock Performance

NYSE URI traded down $12.49 during trading hours on Friday, reaching $812.50. 460,369 shares of the company were exchanged, compared to its average volume of 543,421. The business’s 50 day simple moving average is $772.68 and its 200-day simple moving average is $708.16. The company has a quick ratio of 0.76, a current ratio of 0.81 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 $861.74. The stock has a market capitalization of $54.10 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.96 and a beta of 1.68.

United Rentals (NYSE:URI) last released its quarterly earnings data 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 net margin of 17.35% and a return on equity of 35.87%. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company earned $11.73 earnings per share. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that United Rentals will post 44.38 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.80%. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred 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 directly owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by company insiders.

Institutional Trading of United Rentals

A number of institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC raised its stake in shares of United Rentals by 3.8% in the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after acquiring an additional 14 shares during the period. Duncker Streett & Co. Inc. raised its holdings in shares of United Rentals by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock worth $3,461,000 after buying an additional 14 shares during the period. IAM Advisory LLC boosted its holdings in United Rentals by 1.6% during the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after acquiring an additional 14 shares during the period. CVA Family Office LLC grew its position in United Rentals by 1.7% in the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after acquiring an additional 14 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of United Rentals by 3.7% during the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock worth $301,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

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.