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.

Analyst Recommendations for United Rentals (NYSE:URI)

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