United Rentals (NYSE:URI) Now Covered by Wells Fargo & Company

Wells Fargo & Company began coverage on shares of United Rentals (NYSE:URI) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued an overweight rating on the construction company’s stock.

Other analysts also recently issued reports about the company. BNP Paribas Exane raised United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a research report on Tuesday, September 16th. Morgan Stanley lifted their price objective on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Bank of America boosted their price objective on United Rentals from $895.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Finally, Truist Financial set a $1,169.00 price target on shares of United Rentals in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $975.61.

United Rentals Stock Performance

Shares of NYSE:URI traded down $10.45 during midday trading on Thursday, reaching $832.82. The company had a trading volume of 396,839 shares, compared to its average volume of 610,027. The stock has a market cap of $52.99 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.97 and a beta of 1.73. The company’s 50 day moving average price is $931.67 and its 200 day moving average price is $838.98. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. United Rentals has a 52-week low of $525.91 and a 52-week high of $1,021.47.

United Rentals (NYSE:URI) last released its 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). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the company earned $11.80 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid 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 yield of 0.9%. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Optas LLC lifted its position in United Rentals by 0.9% during the third quarter. Optas LLC now owns 1,174 shares of the construction company’s stock valued at $1,121,000 after purchasing an additional 10 shares during the last quarter. CreativeOne Wealth LLC grew its position in United Rentals by 0.5% in the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after acquiring an additional 11 shares in the last quarter. OFI Invest Asset Management increased its stake in United Rentals by 6.7% in the third quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock valued at $167,000 after acquiring an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after purchasing an additional 11 shares in the last quarter. Finally, Bank of Jackson Hole Trust lifted its stake in United Rentals by 12.0% during the second quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock worth $84,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors 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.