Jefferies Group LLC Reaffirms Buy Rating for United Rentals, Inc. (URI)

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.

Analyst Recommendations for United Rentals (NYSE:URI)

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