United Rentals, Inc. (NYSE:URI - Get Free Report) COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company's stock, valued at $5,431,557.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
United Rentals Trading Up 0.3 %
NYSE:URI opened at $666.66 on Friday. United Rentals, Inc. has a one year low of $325.15 and a one year high of $732.37. The business has a fifty day moving average price of $683.37 and a 200-day moving average price of $586.57. The firm has a market capitalization of $44.39 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83.
United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts' consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.95 earnings per share. Sell-side analysts forecast that United Rentals, Inc. will post 43.52 EPS for the current year.
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United Rentals announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.
United Rentals Announces Dividend
The company 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 $1.63 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.98%. United Rentals's payout ratio is currently 17.66%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on URI. Barclays lifted their target price on shares of United Rentals from $325.00 to $400.00 and gave the stock an "underweight" rating in a report on Friday, January 26th. Evercore ISI increased their price objective on United Rentals from $575.00 to $740.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. Truist Financial boosted their target price on United Rentals from $793.00 to $796.00 and gave the stock a "buy" rating in a research report on Monday, April 29th. The Goldman Sachs Group raised their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Finally, BNP Paribas reissued an "underperform" rating and set a $485.00 price objective on shares of United Rentals in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $600.79.
View Our Latest Research Report on URI
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Hoylecohen LLC raised its holdings in United Rentals by 1.4% during the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company's stock valued at $667,000 after acquiring an additional 16 shares during the period. Ballentine Partners LLC lifted its holdings in shares of United Rentals by 2.1% in the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company's stock valued at $510,000 after acquiring an additional 18 shares during the last quarter. DGS Capital Management LLC increased its stake in United Rentals by 1.3% during the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company's stock worth $827,000 after acquiring an additional 18 shares during the last quarter. Choreo LLC increased its stake in United Rentals by 1.3% during the first quarter. Choreo LLC now owns 1,456 shares of the construction company's stock worth $1,050,000 after acquiring an additional 18 shares during the last quarter. Finally, Quent Capital LLC raised its position in United Rentals by 6.1% during the first quarter. Quent Capital LLC now owns 332 shares of the construction company's stock valued at $240,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.
United Rentals Company Profile
(
Get Free Report)
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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