United Rentals (NYSE:URI) Upgraded by BNP Paribas to Hold Rating

BNP Paribas upgraded shares of United Rentals (NYSE:URI) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on URI. Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Truist Financial increased their target price on United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Barclays increased their target price on United Rentals from $565.00 to $620.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price for the company in a research note on Tuesday. Finally, Citigroup restated a “buy” rating and set a $810.00 price objective (up from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $850.00.

United Rentals Stock Up 1.2%

NYSE URI opened at $958.84 on Tuesday. The stock has a market cap of $61.69 billion, a PE ratio of 24.80, a P/E/G ratio of 2.19 and a beta of 1.72. United Rentals has a fifty-two week low of $525.91 and a fifty-two week high of $980.53. The business has a 50 day moving average price of $892.95 and a two-hundred day moving average price of $743.55. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is 18.52%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CreativeOne Wealth LLC boosted its stake in United Rentals by 0.5% during the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock valued at $1,720,000 after buying an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake 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 buying an additional 11 shares in the last quarter. Bank of Jackson Hole Trust boosted 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 valued at $84,000 after buying an additional 12 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock valued at $199,000 after buying an additional 13 shares in the last quarter. Finally, Cooper Financial Group boosted its stake in United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock valued at $608,000 after buying an additional 13 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals 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.