United Rentals, Inc. (NYSE:URI) Price Target Raised to $130.00

United Rentals, Inc. (NYSE:URI) had its price objective raised by investment analysts at Deutsche Bank AG from $121.00 to $130.00 in a research report issued to clients and investors on Friday, July 21st. The brokerage currently has a “hold” rating on the construction company’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 9.28% from the company’s previous close.

A number of other brokerages have also commented on URI. Zacks Investment Research lowered shares of United Rentals from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $150.00 target price on shares of United Rentals in a research note on Friday, June 9th. Vetr raised shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 target price for the company in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $130.00 price target on shares of United Rentals in a research note on Wednesday, April 12th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $144.00 price target (down from $156.00) on shares of United Rentals in a research note on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $124.85.

United Rentals (NYSE:URI) traded down 0.64% during mid-day trading on Friday, hitting $118.96. The company had a trading volume of 869,708 shares. The firm has a market cap of $10.06 billion, a P/E ratio of 17.28 and a beta of 2.42. 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 price is $112.62 and its 200 day moving average price is $117.14.

United Rentals (NYSE:URI) last issued its 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 for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business posted $2.06 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts predict that United Rentals will post $9.91 EPS for the current fiscal year.

In related news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of United Rentals by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,153,447 shares of the construction company’s stock valued at $1,144,637,000 after buying an additional 252,299 shares in the last quarter. BlackRock Inc. boosted its stake in United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock valued at $729,568,000 after buying an additional 5,661,088 shares during the last quarter. FMR LLC boosted its stake in United Rentals by 5.5% in the first quarter. FMR LLC now owns 3,662,214 shares of the construction company’s stock valued at $457,960,000 after buying an additional 191,311 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock valued at $317,582,000 after buying an additional 1,356,308 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in United Rentals by 36.0% in the second quarter. APG Asset Management N.V. now owns 1,195,466 shares of the construction company’s stock valued at $134,741,000 after buying an additional 316,256 shares during the last quarter. 94.04% 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.