United Rentals Inc. (NYSE:URI) was upgraded by research analysts at OTR Global from a “mixed” rating to a “positive” rating in a report issued on Friday.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Thursday, September 22nd. Deutsche Bank AG began coverage on United Rentals in a report on Tuesday, September 6th. They set a “hold” rating and a $79.00 price target for the company. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a report on Tuesday, August 30th. Macquarie began coverage on United Rentals in a report on Thursday, August 25th. They set an “underperform” rating and a $92.00 price target for the company. Finally, Bank of America Corp. raised United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a report on Thursday, August 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $74.85.
Shares of United Rentals (NYSE:URI) opened at 73.95 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 11.15 and a beta of 2.37. The stock’s 50 day moving average price is $79.50 and its 200 day moving average price is $69.91. United Rentals has a one year low of $41.90 and a one year high of $84.63.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.24. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The firm earned $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm posted $1.95 EPS. The business’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that United Rentals will post $8.05 EPS for the current year.
In other United Rentals news, Director Brian Mcauley sold 4,000 shares of United Rentals stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $81.09, for a total transaction of $324,360.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO William B. Plummer sold 15,811 shares of United Rentals stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $78.74, for a total value of $1,244,958.14. Following the transaction, the chief financial officer now owns 73,209 shares in the company, valued at $5,764,476.66. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in shares of United Rentals by 1.1% in the first quarter. State Street Corp now owns 3,776,170 shares of the company’s stock worth $234,846,000 after buying an additional 39,464 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of United Rentals by 3.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,789,781 shares of the company’s stock worth $173,496,000 after buying an additional 102,790 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of United Rentals by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,131,681 shares of the company’s stock worth $143,022,000 after buying an additional 427,970 shares during the period. Bank of Montreal Can purchased a new stake in shares of United Rentals during the second quarter worth approximately $121,012,000. Finally, BlackRock Fund Advisors raised its stake in shares of United Rentals by 3.4% in the second quarter. BlackRock Fund Advisors now owns 1,457,533 shares of the company’s stock worth $97,800,000 after buying an additional 48,212 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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