United Rentals (NYSE:URI) Price Target Raised to $1,000.00 at JPMorgan Chase & Co.

United Rentals (NYSE:URI) had its price objective upped by JPMorgan Chase & Co. from $940.00 to $1,000.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on the company. Citigroup decreased their target price on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Bank of America lifted their price objective on shares of United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Argus upped their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial reaffirmed a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $818.55.

United Rentals Trading Down 2.2 %

NYSE URI opened at $756.78 on Friday. The firm has a market capitalization of $49.66 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.68 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals has a one year low of $596.48 and a one year high of $896.98. The company’s 50 day moving average price is $764.73 and its 200 day moving average price is $769.09.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.51%. On average, sell-side analysts predict that United Rentals will post 46.06 EPS for the current year.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.95%. This is an increase from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s dividend payout ratio (DPR) is 16.83%.

Institutional Trading of United Rentals

Institutional investors and hedge funds have recently bought and sold shares of the company. Mayflower Financial Advisors LLC increased its holdings in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after acquiring an additional 13 shares during the last quarter. Allen Capital Group LLC increased its stake in United Rentals by 4.2% during the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after purchasing an additional 13 shares during the last quarter. First County Bank CT increased its stake in United Rentals by 3.2% during the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after purchasing an additional 13 shares during the last quarter. IAM Advisory LLC lifted its position in shares of United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after buying an additional 14 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of United Rentals by 1.7% in the 3rd quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock valued at $683,000 after buying an additional 14 shares during the period. 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.