United Rentals, Inc. (NYSE:URI) – Investment analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for United Rentals in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Jordan now anticipates that the construction company will post earnings per share of $9.90 for the year, up from their prior estimate of $9.60. Jefferies Group has a “Buy” rating and a $150.00 price target on the stock. Jefferies Group also issued estimates for United Rentals’ FY2018 earnings at $11.08 EPS.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $2.06 earnings per share. United Rentals’s revenue for the quarter was up 12.4% on a year-over-year basis.

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Other equities research analysts have also issued reports about the stock. Bank of America Corporation raised shares of United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a report on Thursday, March 30th. Vetr upgraded United Rentals from a “hold” rating to a “buy” rating and set a $125.52 target price for the company in a research report on Friday, April 14th. BidaskClub upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, ValuEngine downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $124.85.

Shares of United Rentals (NYSE:URI) opened at 121.665 on Tuesday. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 17.674 and a beta of 2.42. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28. The firm’s 50-day moving average is $110.72 and its 200 day moving average is $116.69.

In related news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock worth $729,568,000 after buying an additional 5,661,088 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock worth $317,582,000 after buying an additional 1,356,308 shares in the last quarter. AQR Capital Management LLC increased its stake in United Rentals by 362.1% in the first quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock valued at $138,793,000 after buying an additional 869,711 shares during the period. APG Asset Management N.V. increased its stake in United Rentals by 36.0% in the second quarter. APG Asset Management N.V. now owns 1,195,466 shares of the construction company’s stock valued at $134,741,000 after buying an additional 316,256 shares during the period. Finally, Victory Capital Management Inc. increased its stake in United Rentals by 369.9% in the first quarter. Victory Capital Management Inc. now owns 350,286 shares of the construction company’s stock valued at $43,803,000 after buying an additional 275,740 shares during the period. Institutional investors own 93.98% 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.

Earnings History and Estimates for United Rentals (NYSE:URI)

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