United Rentals (NYSE:URI) Price Target Raised to $750.00 at Stifel Nicolaus

United Rentals (NYSE:URI) had its price objective upped by Stifel Nicolaus from $720.00 to $750.00 in a research note issued to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

A number of other brokerages also recently commented on URI. Barclays raised their price objective on United Rentals from $325.00 to $400.00 and gave the stock an underweight rating in a research report on Friday, January 26th. BNP Paribas reiterated an underperform rating and set a $485.00 price target on shares of United Rentals in a research note on Friday, January 5th. Morgan Stanley started coverage on shares of United Rentals in a research note on Monday, January 8th. They issued an equal weight rating and a $500.00 price objective for the company. Robert W. Baird lifted their target price on shares of United Rentals from $322.00 to $559.00 and gave the company an underperform rating in a research report on Friday, January 26th. Finally, Truist Financial assumed coverage on shares of United Rentals in a research report on Thursday, March 14th. They issued a buy rating and a $793.00 price target for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $600.57.

United Rentals Trading Down 0.0 %

United Rentals stock opened at $690.77 on Friday. The business’s 50-day simple moving average is $681.18 and its 200-day simple moving average is $578.63. United Rentals has a 52 week low of $325.15 and a 52 week high of $732.37. The firm has a market capitalization of $46.00 billion, a PE ratio of 18.71, a PEG ratio of 2.40 and a beta of 1.84. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.75 and a current ratio of 0.89.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the business posted $7.95 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts forecast that United Rentals will post 43.13 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

United Rentals declared that its Board of Directors has approved a share buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO William E. Grace sold 775 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares in the company, valued at $4,145,485.26. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Rentals

Institutional investors and hedge funds have recently modified their holdings of the business. First Financial Corp IN bought a new stake in United Rentals in the first quarter valued at $25,000. Rise Advisors LLC bought a new position in shares of United Rentals in the 1st quarter worth $28,000. Riverview Trust Co acquired a new stake in United Rentals in the 1st quarter valued at $31,000. AdvisorNet Financial Inc raised its holdings in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after buying an additional 20 shares during the last quarter. Finally, PFS Partners LLC bought a new position in United Rentals in the 1st quarter valued at about $36,000. 96.26% of the stock is currently 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.