ValuEngine upgraded shares of United Rentals, Inc. (NYSE:URI) from a buy rating to a strong-buy rating in a research report released on Friday, September 1st.
A number of other equities research analysts have also recently weighed in on URI. Evercore ISI raised shares of United Rentals from an in-line rating to an outperform rating and set a $134.00 price target for the company in a research report on Monday, May 8th. Royal Bank Of Canada restated a hold rating on shares of United Rentals in a research note on Wednesday, May 24th. Axiom Securities restated a sell rating on shares of United Rentals in a research note on Tuesday, June 6th. Jefferies Group LLC restated a buy rating and issued a $150.00 price objective on shares of United Rentals in a research note on Friday, June 9th. Finally, BidaskClub upgraded shares of United Rentals from a hold rating to a buy rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $126.97.
United Rentals (URI) traded up 0.58% on Friday, reaching $128.10. The company had a trading volume of 1,119,491 shares. United Rentals has a 52 week low of $70.58 and a 52 week high of $134.28. The stock’s 50-day moving average is $116.96 and its 200-day moving average is $115.87. The company has a market capitalization of $10.83 billion, a P/E ratio of 18.61 and a beta of 2.42.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned $2.06 earnings per share. United Rentals’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts forecast that United Rentals will post $9.91 EPS for the current fiscal year.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the sale, the insider now owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cleararc Capital Inc. lifted its stake in shares of United Rentals by 0.6% during the first quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after buying an additional 12 shares during the period. Dumont & Blake Investment Advisors LLC increased its position in United Rentals by 0.3% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $604,000 after purchasing an additional 15 shares during the last quarter. Profund Advisors LLC increased its position in United Rentals by 1.1% during the second quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after purchasing an additional 24 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in United Rentals by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock worth $708,000 after purchasing an additional 25 shares during the last quarter. Finally, Bank of Hawaii increased its position in United Rentals by 0.3% during the second quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock worth $1,277,000 after purchasing an additional 30 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.
About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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