Jefferies Group LLC reiterated their buy rating on shares of United Rentals, Inc. (NYSE:URI) in a research note released on Thursday morning. The firm currently has a $150.00 price target on the construction company’s stock.
URI has been the subject of a number of other research reports. UBS AG reissued a neutral rating and issued a $125.00 price objective on shares of United Rentals in a research report on Sunday, August 20th. ValuEngine raised shares of United Rentals from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Deutsche Bank AG lifted their price objective on shares of United Rentals from $121.00 to $130.00 and gave the company a hold rating in a research report on Friday, July 21st. Royal Bank Of Canada raised shares of United Rentals from a sector perform rating to an outperform rating and lifted their price objective for the company from $128.00 to $138.00 in a research report on Monday, July 17th. Finally, Zacks Investment Research raised shares of United Rentals from a hold rating to a buy rating and set a $131.00 price objective for the company in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $127.85.
Shares of United Rentals (URI) opened at 132.31 on Thursday. United Rentals has a 12-month low of $70.58 and a 12-month high of $134.28. The firm’s 50-day moving average is $117.55 and its 200-day moving average is $115.67. The company has a market capitalization of $11.19 billion, a PE ratio of 19.22 and a beta of 2.42.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 EPS 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 company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $2.06 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts anticipate that United Rentals will post $9.91 EPS for the current fiscal year.
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In other United Rentals news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated 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 completion of the sale, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the sale, the chief financial officer now owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. First Manhattan Co. raised its stake in United Rentals by 4,204.3% in the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after purchasing an additional 967 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in United Rentals in the 2nd quarter worth about $151,000. Huntington National Bank raised its stake in United Rentals by 14.2% in the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after purchasing an additional 179 shares in the last quarter. IFP Advisors Inc raised its stake in United Rentals by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after purchasing an additional 478 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in United Rentals by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 93.66% 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.
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