According to Zacks, “United Rentals, Inc. is one of North America’s largest equipment rental companies with over branches in the majority of states, several Canadian provinces and Mexico. The company offers for rent different types of equipment to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others. “
A number of other research analysts also recently commented on URI. Citigroup Inc. restated a buy rating and set a $85.00 price objective (up from $72.00) on shares of United Rentals in a research note on Monday, June 13th. Morgan Stanley restated a buy rating on shares of United Rentals in a research note on Tuesday, June 28th. Jefferies Group set a $80.00 price objective on United Rentals and gave the stock a buy rating in a research note on Thursday, July 21st. Royal Bank Of Canada upped their price objective on United Rentals from $68.00 to $80.00 and gave the stock a sector perform rating in a research note on Friday, July 22nd. Finally, RBC Capital Markets restated a hold rating and set a $80.00 price objective (up from $68.00) on shares of United Rentals in a research note on Friday, July 22nd. Three equities research 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. The stock has an average rating of Hold and a consensus price target of $74.85.
Shares of United Rentals (NYSE:URI) opened at 73.22 on Thursday. The stock has a market cap of $6.31 billion, a PE ratio of 11.04 and a beta of 2.37. United Rentals has a 52-week low of $41.90 and a 52-week high of $84.63. The company’s 50-day moving average price is $79.32 and its 200-day moving average price is $70.01.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.24. The firm earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. Analysts expect that United Rentals will post $8.05 earnings per share for the current year.
In other news, Director Lawrence Keith Wimbush sold 3,000 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $79.04, for a total value of $237,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jessica Graziano sold 877 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $76.34, for a total value of $66,950.18. Following the completion of the sale, the vice president now owns 7,127 shares of the company’s stock, valued at approximately $544,075.18. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in URI. Acrospire Investment Management LLC raised its stake in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock valued at $103,000 after buying an additional 730 shares during the period. WFG Advisors LP raised its stake in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock valued at $116,000 after buying an additional 77 shares during the period. Feltz Wealth PLAN Inc. purchased a new stake in shares of United Rentals during the second quarter valued at $123,000. Finally, Invictus RG raised its stake in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock valued at $127,000 after buying an additional 1,972 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.
United Rentals Company Profile
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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