Analysts Set United Rentals, Inc. (NYSE:URI) PT at $1,140.00

United Rentals, Inc. (NYSE:URI) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $1,140.00.

URI has been the subject of a number of recent analyst reports. Bank of America raised their price objective on United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Truist Financial upped their target price on United Rentals from $1,209.00 to $1,421.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings cut United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Morgan Stanley raised their price target on shares of United Rentals from $1,030.00 to $1,165.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Citigroup lifted their price target on shares of United Rentals from $1,210.00 to $1,270.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th.

Insider Activity at United Rentals

In other news, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares in the company, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,088 shares of company stock valued at $25,628,877 in the last 90 days. 0.47% of the stock is currently owned by insiders.

Institutional Trading of United Rentals

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in United Rentals during the 4th quarter worth approximately $978,017,000. Corient Private Wealth LLC grew its position in shares of United Rentals by 1,667.4% in the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after acquiring an additional 324,503 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of United Rentals by 3,459.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after acquiring an additional 191,162 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of United Rentals in the 4th quarter valued at approximately $102,945,000. Finally, Victory Capital Management Inc. raised its position in shares of United Rentals by 103.7% during the 4th quarter. Victory Capital Management Inc. now owns 231,018 shares of the construction company’s stock valued at $186,967,000 after acquiring an additional 117,584 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 0.3%

Shares of United Rentals stock opened at $1,010.04 on Friday. The business has a 50-day moving average of $1,043.86 and a 200-day moving average of $913.86. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The company has a market capitalization of $63.28 billion, a PE ratio of 25.77, a P/E/G ratio of 1.62 and a beta of 1.79. United Rentals has a 1-year low of $701.59 and a 1-year high of $1,143.69.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $8.86 EPS. As a group, equities analysts forecast that United Rentals will post 46.85 EPS for the current fiscal year.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.