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Saturday, June 3, 2023

There’s No Getting Around United Rentals Inc. (NYSE: URI) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for United Rentals Inc. (URI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.01%, to $341.55. The United Rentals Inc. has recorded 22,148 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted United Rentals Honored as a 2023 VETS Indexes 5 Star Employer.

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Stocks Info

URI belongs to the Industrials sector of the NYSE while operating in the Rental & Leasing Services industry. At the end of the last regular session, the stock closed at $341.53 and fluctuated between $343.61 as its day high and $335.17 as its day low. The current market capitalization of United Rentals Inc. is $23.18B. A total of 0.61 million shares were traded on the day, compared to an average of 1.04M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, URI has seen 11 BUY and 23 SELL insider trades, representing the acquisition of 11,120 and the disposition of 19,158 shares. Over the last 12 months, there were 23 BUYs and 35 SELLs from insiders. Insiders purchased 83,618 shares during that period but sold 89,109.

In the most recent transaction, Grace William E. sold 725 shares of URI for 359.63 per share on Apr 28. After the transaction, the EVP, CFO now owns 6,520 company shares. In a previous transaction on Mar 09, Flannery Matthew John sold 12,000 shares at 477.99 per share. URI shares that President & CEO owns now total 101,276.

Among the insiders who sold shares, Asplund Dale A disposed of 13,392 shares on Jan 27 at a per-share price of $436.26. This resulted in the EVP, Chief Operating Officer holding 19,229 shares of URI after the transaction. In another insider transaction, PINTOFF CRAIG ADAM sold 4,761 shares at $434.56 per share on Jan 27. Company shares held by the EVP, Chief Admin. Officer now total 15,942.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. United Rentals Inc. pays an annual dividend of $5.92, resulting in a dividend yield of 1.73%, and it has a price to earnings (P/E) ratio of 10.96. URI’s most recent ex-dividend date was 5/9/2023 when it declared a $1.48 quarterly dividend that was paid in cash on 5/24/2023. Previously, the company paid the dividend on 2/22/2023 with an ex-dividend date of 2/7/2023. The URI stock dividend was $1.48 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for URI in the last 3 months, the mean price target is $464.78 with high estimates of $978.00 and low estimates of $296.00. In terms of 52-week highs and lows, URI has a high of $481.99 and a low of $230.54.

As of this writing, URI has an earnings estimate of $8.99 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $11.39 per share and a lower estimate of $7.45. The company reported an EPS of $9.74 in the last quarter, which was -6.20% lower than expectations of $10.38.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. URI’s latest balance sheet shows that the firm has $144.00M in Cash & Short Term Investments as of fiscal 2021. There were $10.31B in debt and $2.60B in liabilities at the time. Its Book Value Per Share was $102.72, while its Total Shareholder’s Equity was $5.99B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for URI is Buy with a score of 3.62.

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