United Rentals (NYSE:URI) Shares Gap Down – What’s Next?

United Rentals, Inc. (NYSE:URI)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $835.89, but opened at $797.40. United Rentals shares last traded at $787.63, with a volume of 114,303 shares traded.

Analyst Ratings Changes

URI has been the topic of several research reports. Citigroup upped their price objective on United Rentals from $955.00 to $985.00 and gave the company a “buy” rating in a research note on Monday. Barclays raised 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. Robert W. Baird boosted their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Truist Financial increased their target price on shares of United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Argus boosted their price objective on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $770.00.

United Rentals Stock Down 3.7 %

The stock has a 50-day simple moving average of $834.75 and a 200-day simple moving average of $745.44. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The company has a market cap of $52.83 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.66.

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

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On United Rentals

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mayflower Financial Advisors LLC increased its position in shares of United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock worth $274,000 after acquiring an additional 13 shares in the last quarter. Allen Capital Group LLC lifted its holdings in shares of United Rentals by 4.2% in 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 in the last quarter. First County Bank CT lifted its holdings in shares of United Rentals by 3.2% in 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 in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of United Rentals by 0.3% during the second quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after buying an additional 14 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in United Rentals by 3.8% during the second quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds 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.