United Rentals’ (URI) “Hold” Rating Reiterated at Royal Bank of Canada
United Rentals, Inc. (NYSE:URI)‘s stock had its “hold” rating reiterated by stock analysts at Royal Bank of Canada in a note issued to investors on Wednesday.
A number of other research firms also recently weighed in on URI. Avondale Partners upgraded United Rentals from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $124.40 to $145.00 in a report on Thursday, January 26th. Jefferies Group LLC upped their target price on United Rentals from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 30th. Stifel Nicolaus upped their target price on United Rentals from $112.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, January 27th. Barclays PLC upped their target price on United Rentals from $120.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. Finally, Vetr upgraded United Rentals from a “hold” rating to a “buy” rating and set a $132.19 target price on the stock in a report on Wednesday, March 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $120.16.
Shares of United Rentals (NYSE:URI) traded down 0.44% during midday trading on Wednesday, reaching $110.81. The company’s stock had a trading volume of 1,457,784 shares. United Rentals has a 52-week low of $61.78 and a 52-week high of $134.28. The stock has a 50-day moving average price of $114.39 and a 200-day moving average price of $113.79. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 16.43 and a beta of 2.49.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.12. United Rentals had a return on equity of 50.17% and a net margin of 9.82%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that United Rentals will post $9.67 earnings per share for the current fiscal year.
In related news, VP Dale A. Asplund sold 6,654 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $124.30, for a total value of $827,092.20. Following the transaction, the vice president now directly owns 21,769 shares of the company’s stock, valued at approximately $2,705,886.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Singleton B. Mcallister sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $128.03, for a total value of $422,499.00. Following the completion of the transaction, the director now directly owns 16,688 shares in the company, valued at $2,136,564.64. The disclosure for this sale can be found here. Insiders sold a total of 30,571 shares of company stock worth $3,815,643 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Calamos Advisors LLC acquired a new position in United Rentals during the second quarter valued at about $36,853,000. BlackRock Advisors LLC boosted its position in United Rentals by 120.4% in the fourth quarter. BlackRock Advisors LLC now owns 1,489,007 shares of the construction company’s stock valued at $108,012,000 after buying an additional 813,301 shares during the period. Boston Private Wealth LLC boosted its position in United Rentals by 24.5% in the second quarter. Boston Private Wealth LLC now owns 206,715 shares of the construction company’s stock valued at $13,871,000 after buying an additional 40,708 shares during the period. Boys Arnold & Co. Inc. boosted its position in United Rentals by 77.3% in the first quarter. Boys Arnold & Co. Inc. now owns 4,478 shares of the construction company’s stock valued at $560,000 after buying an additional 1,953 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in United Rentals during the fourth quarter valued at about $1,795,000. 95.15% of the stock is currently owned by institutional investors and hedge funds.
About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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