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.

Analyst Recommendations for United Rentals (NYSE:URI)

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.

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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.

12 Month Chart for NYSE:URI

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