The Street Is Finally Waking Up To United Rentals, Inc. (NYSE: URI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed United Rentals Introduces Tower Crane Battery Energy Systems to North American Fleet.

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Stocks Info

United Rentals, Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Rental & Leasing Services industry. The current market capitalization of United Rentals, Inc. is $45.18B. A total of 0.74 million shares were traded on the day, compared to an average of 628.46K shares.

In the most recent transaction, PINTOFF CRAIG ADAM sold 2,184 shares of URI for 659.25 per share on Mar 11 ’24. After the transaction, the EVP, Chief Admin. Officer now owns 16,652 company shares. In a previous transaction on Mar 07 ’24, Gross Joli L. sold 440 shares at 677.60 per share. URI shares that SVP, Chief LGL & Sustain. Off. owns now total 4,543.

Among the insiders who sold shares, Grace William E. disposed of 775 shares on Feb 15 ’24 at a per-share price of $655.62. This resulted in the EVP, CFO holding 6,323 shares of URI after the transaction. In another insider transaction, Kelly Terri L. sold 630 shares at $480.02 per share on Nov 15 ’23. Company shares held by the Director now total 6,249.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. United Rentals, Inc. pays an annual dividend of $6.07, resulting in a dividend yield of 0.90%, and it has a price to earnings (P/E) ratio of 19.02. URI’s most recent ex-dividend date was 2/13/2024 when it declared a $1.63 quarterly dividend that was paid in cash on 2/28/2024. Previously, the company paid the dividend on 11/22/2023 with an ex-dividend date of 11/7/2023. The URI stock dividend was $1.48 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, URI has a high of $732.37 and a low of $325.15.

As of this writing, URI has an earnings estimate of $8.28 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $8.81 per share and a lower estimate of $7.79. The company reported an EPS of $11.73 in the last quarter, which was 4.70% higher than expectations of $11.2.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $120.86, while its Total Shareholder’s Equity was $5.99B.

Analysts Opinion

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. 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 3.24.

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