Axiom Securities Reaffirms Sell Rating for United Rentals, Inc. (URI)
United Rentals, Inc. (NYSE:URI)‘s stock had its “sell” rating reiterated by stock analysts at Axiom Securities in a report released on Wednesday.
Several other analysts also recently commented on URI. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research note on Thursday, March 30th. Jefferies Group LLC restated a “buy” rating and issued a $150.00 target price on shares of United Rentals in a research note on Thursday, April 20th. 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 note on Friday, April 14th. Bank of America Corporation upgraded United Rentals from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Finally, BidaskClub upgraded United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $124.85.
United Rentals (URI) opened at 121.18 on Wednesday. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.60 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 price is $110.71 and its 200 day moving average price is $116.69.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $2.06 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. On average, analysts expect that United Rentals will post $9.91 earnings per share for the current year.
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In other news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
Several large investors have recently modified their holdings of URI. Acrospire Investment Management LLC raised its stake in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the construction company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the construction company’s stock valued at $103,000 after buying an additional 730 shares during the last quarter. Assetmark Inc. raised its stake in shares of United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the construction company’s stock valued at $105,000 after buying an additional 272 shares during the last quarter. Whittier Trust Co. raised its stake in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of United Rentals during the second quarter valued at about $123,000. Institutional investors own 93.98% of the company’s stock.
United Rentals Company Profile
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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