United Rentals, Inc. (URI) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that United Rentals Outlines Roadmap to Low-Emission and Zero-Emission Jobsites.

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Stocks Info

United Rentals, Inc. is listed on the NYSE in the Industrials sector while operating in the Rental & Leasing Services industry. At the end of the last regular session, the stock closed at $578.88 and fluctuated between $585.94 as its day high and $574.41 as its day low. The current market capitalization of United Rentals, Inc. is $39.24B. A total of 0.61 million shares were traded on the day, compared to an average of 701.69K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, URI has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 630 shares. Over the last 12 months, there were 28 BUYs and 39 SELLs from insiders. Insiders purchased 86,249 shares during that period but sold 85,757.

In the most recent transaction, Kelly Terri L. sold 630 shares of URI for 480.02 per share on Nov 15. After the transaction, the Director now owns 6,249 company shares. In a previous transaction on Aug 30, Asplund Dale A sold 14,157 shares at 475.27 per share. URI shares that EVP, Chief Operating Officer owns now total 6,379.

Among the insiders who sold shares, Grace William E. disposed of 725 shares on Apr 28 at a per-share price of $359.63. This resulted in the EVP, CFO holding 6,520 shares of URI after the transaction. In another insider transaction, Flannery Matthew John sold 12,000 shares at $477.99 per share on Mar 09. Company shares held by the President & CEO now total 101,276.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. United Rentals, Inc. pays an annual dividend of $4.60, resulting in a dividend yield of 0.79%, and it has a price to earnings (P/E) ratio of 16.78. URI’s most recent ex-dividend date was 11/7/2023 when it declared a $1.48 quarterly dividend that was paid in cash on 11/22/2023. Previously, the company paid the dividend on 8/23/2023 with an ex-dividend date of 8/8/2023. The URI stock dividend was $1.48 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for URI in the last 3 months, the mean price target is $548.32 with high estimates of $1,187.00 and low estimates of $322.00. In terms of 52-week highs and lows, URI has a high of $585.50 and a low of $325.15.

As of this writing, URI has an earnings estimate of $10.93 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $15.02 per share and a lower estimate of $9.21. The company reported an EPS of $9.88 in the last quarter, which was 9.70% higher than expectations of $9.01.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $10.51B in debt and $2.60B in liabilities at the time. Its Book Value Per Share was $114.51, while its Total Shareholder’s Equity was $5.99B.

Analysts Opinion

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. 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 3.13.

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