United Rentals (NYSE:URI) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.
Several other research firms have also weighed in on URI. Citigroup raised their price objective on United Rentals from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group lowered United Rentals from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $166.00 to $118.00 in a research note on Tuesday, October 8th. Buckingham Research reissued a “buy” rating and set a $180.00 price objective (up from $170.00) on shares of United Rentals in a research note on Monday, November 11th. Royal Bank of Canada set a $150.00 price objective on United Rentals and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Goldman Sachs Group raised their price objective on United Rentals from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. United Rentals presently has an average rating of “Hold” and a consensus target price of $145.40.
URI opened at $162.74 on Thursday. The firm has a market cap of $12.23 billion, a PE ratio of 10.01, a P/E/G ratio of 0.68 and a beta of 2.71. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93. The business has a fifty day simple moving average of $150.11 and a 200-day simple moving average of $128.70. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $165.85.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.22. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.46 billion. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $4.74 EPS. On average, equities research analysts anticipate that United Rentals will post 19.28 EPS for the current fiscal year.
In other news, Director Jason D. Papastavrou sold 3,036 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $150.05, for a total value of $455,551.80. Following the completion of the sale, the director now owns 181,973 shares of the company’s stock, valued at $27,305,048.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffrey J. Fenton sold 2,735 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $132.53, for a total value of $362,469.55. Following the completion of the sale, the senior vice president now directly owns 33,819 shares of the company’s stock, valued at approximately $4,482,032.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,770 shares of company stock valued at $4,292,710. 1.00% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. grew its holdings in United Rentals by 9.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,184 shares of the construction company’s stock worth $4,136,000 after acquiring an additional 2,820 shares during the period. Janney Montgomery Scott LLC boosted its position in United Rentals by 6.3% during the second quarter. Janney Montgomery Scott LLC now owns 15,207 shares of the construction company’s stock worth $2,017,000 after purchasing an additional 905 shares in the last quarter. First Trust Advisors LP boosted its position in United Rentals by 855.2% during the second quarter. First Trust Advisors LP now owns 154,117 shares of the construction company’s stock worth $20,441,000 after purchasing an additional 137,983 shares in the last quarter. KBC Group NV boosted its position in United Rentals by 11.9% during the second quarter. KBC Group NV now owns 10,570 shares of the construction company’s stock worth $1,401,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Aperio Group LLC boosted its position in United Rentals by 8.1% during the second quarter. Aperio Group LLC now owns 58,488 shares of the construction company’s stock worth $7,757,000 after purchasing an additional 4,391 shares in the last quarter. 88.39% of the stock is owned by institutional investors and hedge funds.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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