United Rentals (NYSE:URI) Shares Gap Up – Time to Buy?

United Rentals, Inc. (NYSE:URI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $689.15, but opened at $727.00. United Rentals shares last traded at $718.48, with a volume of 170,327 shares.

Wall Street Analyst Weigh In

URI has been the subject of a number of research reports. Citigroup lowered their price target on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial boosted their price objective on United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $805.25.

United Rentals Trading Up 0.1 %

The business has a 50-day simple moving average of $782.94 and a 200-day simple moving average of $759.89. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The company has a market cap of $48.71 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company earned $11.73 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.88%. United Rentals’s dividend payout ratio is presently 17.03%.

Insider Buying and Selling at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Rentals

A number of institutional investors have recently added to or reduced their stakes in URI. Clarius Group LLC raised its position in shares of United Rentals by 7.4% during the 4th quarter. Clarius Group LLC now owns 492 shares of the construction company’s stock worth $347,000 after purchasing an additional 34 shares during the last quarter. Oak Ridge Investments LLC grew its stake in shares of United Rentals by 6.7% during the 4th quarter. Oak Ridge Investments LLC now owns 7,423 shares of the construction company’s stock valued at $5,229,000 after buying an additional 466 shares during the period. Aaron Wealth Advisors LLC boosted its position in United Rentals by 125.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 987 shares of the construction company’s stock worth $695,000 after purchasing an additional 549 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in United Rentals by 4.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 678 shares of the construction company’s stock worth $478,000 after purchasing an additional 26 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its position in United Rentals by 2.3% in the 4th quarter. Premier Path Wealth Partners LLC now owns 873 shares of the construction company’s stock valued at $615,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

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.