United Rentals (NYSE:URI) Sets New 12-Month High at $801.39

United Rentals, Inc. (NYSE:URI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $801.39 and last traded at $797.91, with a volume of 342661 shares. The stock had previously closed at $771.26.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on URI. Truist Financial raised their price target 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. JPMorgan Chase & Co. assumed coverage on United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective for the company. Evercore ISI boosted their target price on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Citigroup began coverage on United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price for the company. Finally, Raymond James assumed coverage on shares of United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $675.15.

United Rentals Stock Down 1.0 %

The company has a market cap of $52.31 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.72 and a beta of 1.68. The company’s 50-day moving average is $720.19 and its two-hundred day moving average is $686.67. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business earned $9.88 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. As a group, equities analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the firm’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 sale, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of URI. First Financial Corp IN purchased a new stake in shares of United Rentals during the 1st quarter valued at about $25,000. Crewe Advisors LLC purchased a new stake in United Rentals during the first quarter valued at approximately $27,000. RFP Financial Group LLC raised its position in United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the period. Rise Advisors LLC purchased a new position in shares of United Rentals during the 1st quarter worth $28,000. Finally, Riverview Trust Co bought a new stake in shares of United Rentals during the 1st quarter valued at $31,000. 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.