Stifel Nicolaus upgraded shares of United Rentals, Inc. (NYSE:URI) from a hold rating to a buy rating in a research note published on Friday, MarketBeat.com reports. The brokerage currently has $133.00 target price on the construction company’s stock.
Other analysts have also recently issued research reports about the company. ValuEngine upgraded United Rentals from a buy rating to a strong-buy rating in a report on Friday, June 2nd. UBS AG restated a neutral rating and issued a $121.00 price target on shares of United Rentals in a report on Sunday, April 23rd. Citigroup Inc. lifted their price target on United Rentals from $130.00 to $142.00 and gave the company a buy rating in a report on Friday, July 21st. Zacks Investment Research cut United Rentals from a strong-buy rating to a hold rating in a report on Tuesday, April 25th. Finally, Piper Jaffray Companies restated an overweight rating and issued a $144.00 price target (down previously from $156.00) on shares of United Rentals in a report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. United Rentals presently has a consensus rating of Buy and an average target price of $124.91.
Shares of United Rentals (NYSE:URI) opened at 111.86 on Friday. The company has a 50 day moving average of $115.82 and a 200-day moving average of $116.99. United Rentals has a one year low of $70.58 and a one year high of $134.28. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 16.25 and a beta of 2.43.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS 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%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. On average, analysts anticipate 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 business’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 transaction, the insider now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. raised its position in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares during the period. First Manhattan Co. raised its position in United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after buying an additional 967 shares during the period. State of Alaska Department of Revenue bought a new position in United Rentals during the first quarter valued at approximately $127,000. Americafirst Capital Management LLC bought a new position in United Rentals during the second quarter valued at approximately $151,000. Finally, Huntington National Bank raised its position in United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after buying an additional 179 shares during the period. 96.20% of the stock is currently owned by hedge funds and other 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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