United Rentals’ (URI) Hold (C+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c+) rating on shares of United Rentals (NYSE:URI) in a research note released on Friday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Baird R W raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. BNP Paribas set a $900.00 price target on United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a report on Friday. Bank of America lifted their target price on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Barclays reduced their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $963.29.

United Rentals Price Performance

Shares of URI opened at $914.17 on Friday. The stock has a 50 day simple moving average of $956.27 and a 200 day simple moving average of $813.43. United Rentals has a 52-week low of $525.91 and a 52-week high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a market capitalization of $58.17 billion, a PE ratio of 23.51, a P/E/G ratio of 2.05 and a beta of 1.73.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts predict that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals’s payout ratio is 18.42%.

Institutional Trading of United Rentals

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in United Rentals by 1.0% during the second quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock worth $5,646,208,000 after buying an additional 72,267 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 71.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after acquiring an additional 780,322 shares during the period. Franklin Resources Inc. increased its holdings in shares of United Rentals by 6.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,231,108 shares of the construction company’s stock worth $927,517,000 after acquiring an additional 70,870 shares during the last quarter. Alliancebernstein L.P. raised its stake in United Rentals by 3.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,030,232 shares of the construction company’s stock valued at $776,177,000 after acquiring an additional 36,991 shares during the period. Finally, Norges Bank acquired a new stake in United Rentals during the 2nd quarter valued at $776,102,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

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.