United Rentals (NYSE:URI) Price Target Increased to $910.00 by Analysts at Bank of America

United Rentals (NYSE:URI) had its price target lifted by Bank of America from $800.00 to $910.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

URI has been the subject of several other reports. Robert W. Baird upped their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. 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 research note on Friday, July 26th. Truist Financial increased their price target on shares of United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Raymond James began 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 on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $728.86.

United Rentals Price Performance

Shares of NYSE:URI opened at $824.99 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. The stock has a market cap of $54.56 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68. The stock’s fifty day simple moving average is $770.73 and its two-hundred day simple moving average is $707.41. United Rentals has a 1-year low of $387.01 and a 1-year high of $861.74.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the business earned $11.73 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that United Rentals will post 44.38 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 yield of 0.79%. United Rentals’s dividend payout ratio is 17.21%.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction on Friday, August 2nd. The stock was 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 approximately $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in URI. Wealth Enhancement Advisory Services LLC grew its stake in United Rentals by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,922 shares of the construction company’s stock valued at $5,713,000 after acquiring an additional 423 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of United Rentals during the 1st quarter valued at $3,606,000. Capital Asset Advisory Services LLC purchased a new position in shares of United Rentals during the 1st quarter valued at $209,000. Register Financial Advisors LLC bought a new position in shares of United Rentals in the first quarter worth $43,000. Finally, New England Research & Management Inc. raised its position in shares of United Rentals by 0.4% in the first quarter. New England Research & Management Inc. now owns 6,785 shares of the construction company’s stock worth $4,893,000 after buying an additional 25 shares in the last quarter. 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.