United Rentals, Inc. (URI) Rating Reiterated by Stifel Nicolaus

United Rentals, Inc. (NYSE:URI)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a report issued on Friday, July 21st.

URI has been the subject of several other reports. Zacks Investment Research raised shares of 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. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 target price on shares of United Rentals in a research note on Thursday, April 20th. Vetr raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $125.52 target price for the company in a research note on Friday, April 14th. Bank of America Corporation raised shares of United Rentals from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Finally, BidaskClub raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $124.50.

United Rentals (NYSE:URI) traded down 0.13% on Friday, reaching $111.82. 2,063,687 shares of the company’s stock were exchanged. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 16.24 and a beta of 2.43. The firm has a 50-day moving average of $115.66 and a 200-day moving average of $117.15. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.28 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. On average, equities analysts expect that United Rentals will post $9.91 earnings per share for the current year.

In related news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale 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.

Large investors have recently modified their holdings of the company. Airain ltd raised its stake in shares of United Rentals by 434.8% in the first quarter. Airain ltd now owns 47,279 shares of the construction company’s stock worth $5,912,000 after buying an additional 38,438 shares in the last quarter. Bank of The West purchased a new stake in United Rentals during the first quarter valued at $502,000. DnB Asset Management AS purchased a new stake in United Rentals during the first quarter valued at $1,376,000. Bremer Trust National Association raised its stake in United Rentals by 0.5% in the first quarter. Bremer Trust National Association now owns 17,465 shares of the construction company’s stock valued at $2,184,000 after buying an additional 83 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in United Rentals by 2.5% in the first quarter. Capstone Asset Management Co. now owns 10,654 shares of the construction company’s stock valued at $1,332,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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.