Stocks of United Rentals Inc. (NYSE:URI) traded higher last session on Wall Street, down -4.96% to $453.69.
According to the data, United Rentals Inc. (NYSE:URI) has 23 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $950.00 and a low of $296.00, we find $470.00. Given the previous closing price of $477.36, this indicates a potential downside of -1.54 percent. URI stock price is now 7.42% away from the 50-day moving average and 36.93% away from the 200-day moving average. The market capitalization of the company currently stands at $30.88B.
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A total of 8 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $486.44 as their price target over the next twelve months.
With the price target of $544, Credit Suisse recently initiated with Outperform rating for United Rentals Inc. (NYSE: URI). On August 18, 2022, Bernstein Downgraded its previous ‘Mkt Perform’ rating to ‘Underperform’ on the stock reducing its target price from $307 to quote $269, while ‘Wells Fargo’ rates the stock as ‘Overweight’.
In other news, Asplund Dale A, EVP, Chief Operating Officer sold 13,392 shares of the company’s stock on Jan 27. The stock was sold for $5,842,415 at an average price of $436.26. Upon completion of the transaction, the EVP, Chief Operating Officer now directly owns 19,229 shares in the company, valued at $8.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27, EVP, Chief Admin. Officer PINTOFF CRAIG ADAM sold 4,761 shares of the business’s stock. A total of $2,068,946 was realized by selling the stock at an average price of $434.56. This leaves the insider owning 15,942 shares of the company worth $7.23 million. Insiders disposed of 84,996 shares of company stock worth roughly $38.56 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in URI stock. A new stake in United Rentals Inc. shares was purchased by FINDLAY PARK PARTNERS LLP during the first quarter worth $175,650,000. THELEME PARTNERS LLP invested $160,833,000 in shares of URI during the first quarter. In the first quarter, MARSICO CAPITAL MANAGEMENT LLC acquired a new stake in United Rentals Inc. valued at approximately $95,053,000. MIZUHO MARKETS AMERICAS LLC acquired a new stake in URI for approximately $29,490,000. CARTENNA CAPITAL, LP purchased a new stake in URI valued at around $26,087,000 in the second quarter. In total, there are 1,247 active investors with 93.90% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $477.50 for United Rentals Inc. (NYSE: URI). During the past 12 months, United Rentals Inc. has had a low of $230.54 and a high of $481.99. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for URI is $422.36 and a two-hundred day moving average price translates $331.32 for the stock.
The latest earnings results from United Rentals Inc. (NYSE: URI) was released for Dec, 2022. According to the Rental & Leasing Services Company, earnings per share came in at $9.74, missing analysts’ expectations of $10.38 by -0.64. This compares to $6.59 EPS in the same period last year. The net profit margin was 18.10% and return on equity was 33.00% for URI. The company reported revenue of $3.3 billion for the quarter, compared to $2.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.73 percent. For the current quarter, analysts expect URI to generate $3.14B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/22/2023. Investors who held shares on 02/08/2023 were paid a $1.48 dividend. On an annualized basis, this represents a $5.92 dividend and a 1.30% percent yield. There was an ex-dividend date of 02/07/2023 for this dividend.
United Rentals Inc.(URI) 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. The specialty segment rents specialty construction products, including trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. It also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. The company sells used equipment through its sales force, brokers, website, at auctions, and directly to manufacturers. The company operates a network of 1,521 rental locations in the United States, Canada, Europe, Australia, and New Zealand. United Rentals, Inc. was incorporated in 1997 and is headquartered in Stamford, Connecticut.
