United Rentals, Inc. (URI) Stock Rating Lowered by BidaskClub
United Rentals, Inc. (NYSE:URI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
URI has been the topic of a number of other reports. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a report on Tuesday, June 6th. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Bank of America Corporation reaffirmed a “buy” rating and set a $145.00 price objective (up from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Finally, Royal Bank Of Canada raised United Rentals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $128.00 to $138.00 in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $124.50.
United Rentals (NYSE URI) traded down 0.48% on Friday, reaching $111.08. The company’s stock had a trading volume of 352,134 shares. The firm has a market capitalization of $9.39 billion, a PE ratio of 16.14 and a beta of 2.43. The stock’s 50 day moving average is $114.89 and its 200-day moving average is $117.35. United Rentals has a 52 week low of $70.58 and a 52 week high of $134.28.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The business 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 46.01% and a net margin of 9.86%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $2.06 earnings per share. Analysts predict that United Rentals will post $9.91 EPS for the current year.
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In other news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the transaction, the insider now owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of United Rentals by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,153,447 shares of the construction company’s stock valued at $1,144,637,000 after buying an additional 252,299 shares during the period. BlackRock Inc. raised its position in shares of United Rentals by 3.3% in the second quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock worth $679,080,000 after buying an additional 190,803 shares during the last quarter. FMR LLC raised its position in shares of United Rentals by 5.5% in the first quarter. FMR LLC now owns 3,662,214 shares of the construction company’s stock worth $457,960,000 after buying an additional 191,311 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of 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 worth $134,741,000 after buying an additional 316,256 shares during the last quarter. 95.05% of the stock is owned by institutional investors.
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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