United Rentals Inc. (NYSE:URI) – Northcoast Research raised their Q3 2016 earnings per share estimates for United Rentals in a report issued on Monday. Northcoast Research analyst J. Healy now anticipates that the firm will earn $2.62 per share for the quarter, up from their previous forecast of $2.60. Northcoast Research also issued estimates for United Rentals’ Q4 2016 earnings at $2.46 EPS, FY2016 earnings at $8.50 EPS and FY2017 earnings at $8.85 EPS.
A number of other brokerages have also recently weighed in on URI. Deutsche Bank AG started coverage on shares of United Rentals in a research report on Tuesday, September 6th. They set a “hold” rating and a $79.00 price target for the company. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. OTR Global upgraded shares of United Rentals from a “mixed” rating to a “positive” rating in a research report on Friday, September 23rd. Royal Bank Of Canada lifted their price target on shares of United Rentals from $68.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, July 22nd. Finally, Argus started coverage on shares of United Rentals in a research report on Tuesday, October 4th. They set a “buy” rating and a $90.00 price target for the company. Three equities 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 issued a strong buy rating to the company. United Rentals currently has a consensus rating of “Hold” and a consensus target price of $75.06.
Shares of United Rentals (NYSE:URI) traded down 2.50% during trading on Tuesday, reaching $79.25. 480,653 shares of the company traded hands. The firm has a 50 day moving average of $79.44 and a 200 day moving average of $71.14. United Rentals has a 52 week low of $41.90 and a 52 week high of $84.63. The stock has a market capitalization of $6.83 billion, a PE ratio of 11.95 and a beta of 2.61.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.82 by $0.24. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 EPS.
In related news, 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 in the company, valued at approximately $544,075.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO William B. Plummer sold 15,811 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $78.74, for a total transaction of $1,244,958.14. Following the completion of the sale, the chief financial officer now owns 73,209 shares of the company’s stock, valued at approximately $5,764,476.66. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bremer Trust National Association increased its stake in 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 period. New England Research & Management Inc. increased its stake in 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 during the period. Burns J W & Co. Inc. NY increased its stake in 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 during the period. First American Trust FSB acquired a new stake in United Rentals during the third quarter valued at approximately $1,884,000. Finally, BNP Paribas Arbitrage SA boosted its position 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. Hedge funds and other institutional investors 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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