Media stories about United Rentals (NYSE:URI) have trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Rentals earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.3919842957226 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Noteworthy Buzzers: Honeywell International Inc. (HON), United Rentals, Inc. (URI) – Newburgh Gazette (newburghgazette.com)
- Interesting URI Put And Call Options For January 2020 (nasdaq.com)
- Buy These 5 Value Picks as Wall Street Braces for a Dip (finance.yahoo.com)
- Neff Rental LLC — Moody’s withdraws Neff Rental LLC’s ratings after acquisition by United Rentals (finance.yahoo.com)
Shares of United Rentals (NYSE URI) traded up $5.00 during mid-day trading on Thursday, hitting $148.38. The stock had a trading volume of 1,211,104 shares, compared to its average volume of 1,593,529. United Rentals has a one year low of $90.77 and a one year high of $149.45. The firm has a market cap of $12,530.00, a PE ratio of 14.59, a PEG ratio of 0.88 and a beta of 2.65. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.47.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.27. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.58 EPS. sell-side analysts predict that United Rentals will post 10.49 EPS for the current year.
United Rentals declared that its Board of Directors has initiated a share buyback program on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
URI has been the topic of several recent analyst reports. UBS AG reaffirmed a “neutral” rating and set a $125.00 target price on shares of United Rentals in a research note on Sunday, August 20th. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of United Rentals in a research note on Tuesday, September 5th. Deutsche Bank AG lifted their target price on United Rentals from $121.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Finally, Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $144.97.
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In related news, CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction on Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the transaction, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction on Friday, October 20th. The stock was sold at an average price of $144.72, for a total value of $4,341,600.00. Following the completion of the transaction, the insider now owns 272,292 shares in the company, valued at $39,406,098.24. The disclosure for this sale can be found here. Insiders sold a total of 65,433 shares of company stock worth $9,434,570 over the last 90 days. Insiders own 1.20% of the company’s stock.
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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