Traders Buy Large Volume of United Rentals Put Options (NYSE:URI)
United Rentals, Inc. (NYSE:URI) saw some unusual options trading on Wednesday. Investors acquired 12,351 put options on the stock. This represents an increase of 459% compared to the typical volume of 2,209 put options.
A number of equities analysts recently commented on the company. Citigroup Inc. lifted their price target on United Rentals from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank AG lifted their price target on United Rentals from $121.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday. Stifel Nicolaus reiterated a “hold” rating on shares of United Rentals in a research note on Friday. ValuEngine downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $145.00 price target (up from $130.00) on shares of United Rentals in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. United Rentals presently has a consensus rating of “Buy” and an average price target of $124.91.
United Rentals (NYSE URI) opened at 119.31 on Friday. United Rentals has a 52-week low of $70.58 and a 52-week high of $134.28. The firm has a 50-day moving average of $110.17 and a 200 day moving average of $116.51. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 17.69 and a beta of 2.42.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 48.11%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $2.06 earnings per share. United Rentals’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts forecast that United Rentals will post $9.66 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Boys Arnold & Co. Inc. raised its position 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 in the last quarter. Schwab Charles Investment Management Inc. increased 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 last quarter. PNC Financial Services Group Inc. increased 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 last quarter. Sanctuary Wealth Advisors LLC increased 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 last quarter. Finally, Segantii Capital Management Ltd purchased 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.
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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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