Other equities research analysts also recently issued reports about the company. 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. Morgan Stanley reaffirmed a buy rating on shares of United Rentals in a research note on Tuesday, June 28th. Citigroup Inc. reaffirmed a buy rating and set a $85.00 price target (up from $72.00) on shares of United Rentals in a research note on Monday, June 13th. Zacks Investment Research downgraded United Rentals from a buy rating to a hold rating in a research note on Thursday, September 22nd. Finally, Deutsche Bank AG initiated coverage on United Rentals in a research note on Tuesday, September 6th. They set a hold rating and a $79.00 price target for the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $75.61.
United Rentals (NYSE:URI) opened at 83.21 on Tuesday. The stock has a market capitalization of $7.17 billion, a PE ratio of 12.55 and a beta of 2.61. United Rentals has a 1-year low of $41.90 and a 1-year high of $84.63. The stock’s 50 day moving average price is $79.41 and its 200 day moving average price is $70.76.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the 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 business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. Equities research analysts forecast that United Rentals will post $8.08 earnings per share for the current year.
In other news, Director Lawrence Keith Wimbush sold 3,000 shares of United Rentals stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $79.04, for a total transaction of $237,120.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jessica Graziano sold 877 shares of United Rentals stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $76.34, for a total value of $66,950.18. Following the sale, the vice president now directly owns 7,127 shares in the company, valued at approximately $544,075.18. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in URI. Bremer Trust National Association raised its stake in shares of United Rentals by 205.8% in the third quarter. Bremer Trust National Association now owns 15,607 shares of the company’s stock valued at $1,225,000 after buying an additional 10,504 shares during the last quarter. New England Research & Management Inc. raised its stake in shares of United Rentals by 78.9% in the third quarter. New England Research & Management Inc. now owns 21,600 shares of the company’s stock valued at $1,695,000 after buying an additional 9,525 shares in the last quarter. Burns J W & Co. Inc. NY raised its stake in shares of United Rentals by 11.0% in the third quarter. Burns J W & Co. Inc. NY now owns 10,100 shares of the company’s stock valued at $793,000 after buying an additional 1,000 shares in the last quarter. First American Trust FSB bought a new stake in shares of United Rentals during the third quarter valued at approximately $1,884,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of United Rentals by 14.2% in the third quarter. BNP Paribas Arbitrage SA now owns 28,518 shares of the company’s stock valued at $2,238,000 after buying an additional 3,536 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.
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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