United Rentals, Inc. (NYSE:URI)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Friday.

Several other research firms have also recently weighed in on URI. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $130.00 price target on shares of United Rentals in a report on Wednesday, April 12th. Deutsche Bank AG started coverage on shares of United Rentals in a report on Wednesday, April 5th. They issued a “hold” rating and a $125.00 price target on the stock. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a report on Thursday, March 30th. Vetr cut shares of United Rentals from a “buy” rating to a “hold” rating and set a $125.78 price target on the stock. in a report on Tuesday, March 28th. Finally, ValuEngine cut shares of United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $124.21.

United Rentals (URI) traded down 2.64% during trading on Friday, reaching $119.31. The company’s stock had a trading volume of 1,782,197 shares. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 17.69 and a beta of 2.42. The stock’s 50 day moving average is $110.17 and its 200 day moving average is $116.51. United Rentals also was the recipient of unusually large options trading on Wednesday. Traders purchased 12,351 put options on the stock. This represents an increase of approximately 459% compared to the average volume of 2,209 put options.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a return on equity of 48.11% and a net margin of 9.86%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.06 earnings per share. On average, equities analysts expect that United Rentals will post $9.66 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of URI. Boys Arnold & Co. Inc. raised its stake in shares of 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. Schwab Charles Investment Management Inc. raised its stake in shares of United Rentals by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock valued at $48,832,000 after buying an additional 16,701 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of United Rentals by 489.7% in the first quarter. PNC Financial Services Group Inc. now owns 149,135 shares of the construction company’s stock valued at $18,650,000 after buying an additional 123,843 shares during the period. Sanctuary Wealth Advisors LLC raised its stake in shares of United Rentals by 99.3% in the first quarter. Sanctuary Wealth Advisors LLC now owns 63,821 shares of the construction company’s stock valued at $7,357,000 after buying an additional 31,805 shares during the period. Finally, Segantii Capital Management Ltd bought a new stake in shares of United Rentals during the first quarter valued at approximately $1,075,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

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.

Analyst Recommendations for United Rentals (NYSE:URI)

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