United Rentals (NYSE:URI – Free Report) had its target price boosted by KeyCorp from $475.00 to $520.00 in a research note issued to investors on Thursday, FlyOnTheWall reports.
Several other equities analysts have also recently issued reports on URI. Argus lifted their price target on United Rentals from $425.00 to $460.00 in a research report on Tuesday, June 27th. UBS Group boosted their price target on shares of United Rentals from $458.00 to $527.00 in a research report on Wednesday. Citigroup reduced their price objective on shares of United Rentals from $500.00 to $450.00 in a research report on Tuesday, April 18th. Stifel Nicolaus dropped their target price on shares of United Rentals from $505.00 to $498.00 in a report on Friday, April 28th. Finally, Morgan Stanley reduced their target price on shares of United Rentals from $441.00 to $435.00 and set an equal weight rating for the company in a report on Thursday, April 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals presently has a consensus rating of Hold and a consensus target price of $428.69.
United Rentals Trading Down 1.9 %
NYSE:URI opened at $458.43 on Thursday. The stock has a market cap of $31.51 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.73 and a beta of 1.88. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.05 and a current ratio of 1.15. United Rentals has a 1 year low of $239.40 and a 1 year high of $481.99. The business has a fifty day moving average of $385.86 and a 200-day moving average of $396.82.
United Rentals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, May 9th. United Rentals’s dividend payout ratio (DPR) is currently 18.99%.
Insider Activity
In related news, CFO William E. Grace sold 725 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $359.63, for a total transaction of $260,731.75. Following the completion of the sale, the chief financial officer now directly owns 6,520 shares in the company, valued at $2,344,787.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On United Rentals
A number of hedge funds and other institutional investors have recently made changes to their positions in URI. D.A. Davidson & CO. grew its stake in shares of United Rentals by 23.7% in the 4th quarter. D.A. Davidson & CO. now owns 3,580 shares of the construction company’s stock valued at $1,272,000 after buying an additional 685 shares in the last quarter. Schroder Investment Management Group grew its position in United Rentals by 97.4% in the fourth quarter. Schroder Investment Management Group now owns 93,571 shares of the construction company’s stock worth $33,257,000 after acquiring an additional 46,160 shares in the last quarter. LGT Group Foundation increased its stake in shares of United Rentals by 12.3% during the 1st quarter. LGT Group Foundation now owns 6,226 shares of the construction company’s stock worth $2,464,000 after purchasing an additional 680 shares during the last quarter. AXS Investments LLC bought a new position in shares of United Rentals during the 4th quarter valued at $41,000. Finally, Greenleaf Trust lifted its stake in shares of United Rentals by 7.6% in the 4th quarter. Greenleaf Trust now owns 1,978 shares of the construction company’s stock valued at $703,000 after purchasing an additional 140 shares during the last quarter. 91.46% of the stock is owned by hedge funds and other 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.
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