United Rentals, Inc. (NYSE:URI) had its price target upped by Citigroup Inc from $130.00 to $142.00 in a research note published on Friday, July 21st. They currently have a buy rating on the construction company’s stock.
Several other brokerages have also recently weighed in on URI. Royal Bank Of Canada restated a hold rating and set a $130.00 target price on shares of United Rentals in a report on Wednesday, April 12th. Deutsche Bank AG assumed coverage on United Rentals in a report on Wednesday, April 5th. They set a hold rating and a $125.00 target price for the company. Zacks Investment Research upgraded United Rentals from a hold rating to a buy rating and set a $138.00 target price for the company in a report on Thursday, March 30th. Vetr cut United Rentals from a buy rating to a hold rating and set a $125.78 price objective for the company. in a report on Tuesday, March 28th. Finally, ValuEngine cut United Rentals from a strong-buy rating to a buy rating in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. United Rentals currently has a consensus rating of Buy and an average price target of $124.50.
United Rentals (NYSE URI) opened at 111.62 on Friday. The company has a 50 day moving average price of $114.89 and a 200-day moving average price of $117.35. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 16.21 and a beta of 2.43. United Rentals has a 1-year low of $70.58 and a 1-year high of $134.28.
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 the consensus estimate of $2.28 by $0.09. The company 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%. United Rentals’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. On average, analysts forecast 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 stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the transaction, the insider now owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in United Rentals by 3.3% in the second quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock worth $679,080,000 after buying an additional 190,803 shares during the period. Bridgewater Associates LP raised its position in United Rentals by 101.8% in the second quarter. Bridgewater Associates LP now owns 70,612 shares of the construction company’s stock worth $7,959,000 after buying an additional 35,613 shares during the period. Ameriprise Financial Inc. raised its position in United Rentals by 15.2% in the second quarter. Ameriprise Financial Inc. now owns 928,996 shares of the construction company’s stock worth $104,708,000 after buying an additional 122,288 shares during the period. Icon Advisers Inc. Co. bought a new position in United Rentals during the second quarter worth $282,000. Finally, CNA Financial Corp bought a new position in United Rentals during the second quarter worth $3,043,000. 95.05% of the stock is owned by institutional investors.
United Rentals Company Profile
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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