ValuEngine cut shares of United Rentals, Inc. (NYSE:URI) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday, July 20th.
Several other equities research analysts have also recently commented on URI. Vetr cut United Rentals from a buy rating to a hold rating and set a $125.78 price target for the company. in a research note on Tuesday, March 28th. Zacks Investment Research raised United Rentals from a hold rating to a buy rating and set a $138.00 price target for the company in a research note on Thursday, March 30th. Deutsche Bank AG started coverage on United Rentals in a research report on Wednesday, April 5th. They set a hold rating and a $125.00 target price for the company. Royal Bank Of Canada reaffirmed a hold rating and set a $130.00 target price on shares of United Rentals in a research report on Wednesday, April 12th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $150.00 target price on shares of United Rentals in a research report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $124.85.
United Rentals (NYSE:URI) traded down 0.86% during midday trading on Thursday, hitting $119.73. 1,109,360 shares of the company traded hands. United Rentals has a 12-month low of $70.58 and a 12-month high of $134.28. The stock has a 50 day moving average price of $112.37 and a 200-day moving average price of $116.93. The company has a market cap of $10.12 billion, a PE ratio of 17.39 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. Analysts expect that United Rentals will post $9.91 EPS for the current year.
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In related news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the transaction, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised 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 worth $1,144,637,000 after buying an additional 252,299 shares during the last quarter. BlackRock Inc. raised its position in shares of United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock worth $729,568,000 after buying an additional 5,661,088 shares during the last quarter. FMR LLC raised its position in shares of United Rentals by 5.5% in the first quarter. FMR LLC now owns 3,662,214 shares of the construction company’s stock worth $457,960,000 after buying an additional 191,311 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock worth $317,582,000 after buying an additional 1,356,308 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of 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 worth $134,741,000 after buying an additional 316,256 shares during the last quarter. Institutional investors and hedge funds own 93.98% 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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