United Rentals, Inc. (NYSE:URI)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group LLC in a research note issued on Friday.

URI has been the subject of a number of other reports. Vetr upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price objective for the company in a report on Monday, May 1st. Bank of America Corporation upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG restated a “hold” rating and issued a $120.00 price objective (down from $131.00) on shares of United Rentals in a report on Sunday, April 23rd. Evercore ISI upgraded shares of United Rentals from an “in-line” rating to an “outperform” rating and set a $134.00 price objective for the company in a report on Monday, May 8th. Finally, Royal Bank Of Canada upgraded shares of United Rentals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $128.00 to $138.00 in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $124.68.

Shares of United Rentals (NYSE URI) traded up 0.30% during mid-day trading on Friday, hitting $112.15. The stock had a trading volume of 415,535 shares. The stock’s 50-day moving average price is $115.76 and its 200-day moving average price is $117.11. The firm has a market cap of $9.48 billion, a PE ratio of 16.29 and a beta of 2.43. United Rentals has a 52-week low of $70.58 and a 52-week high of $134.28.

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, topping analysts’ consensus estimates of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company 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 earned $2.06 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts anticipate that United Rentals will post $9.91 earnings per share for the current fiscal year.

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In related news, insider Michael Kneeland sold 30,000 shares of the company’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 legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of URI. First Manhattan Co. increased its position in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after buying an additional 967 shares in the last quarter. Whittier Trust Co. increased its position in 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 period. State of Alaska Department of Revenue bought a new position in United Rentals during the first quarter valued at approximately $127,000. Americafirst Capital Management LLC bought a new position in United Rentals during the second quarter valued at approximately $151,000. Finally, Huntington National Bank increased its position in United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after buying an additional 179 shares during the period. 96.20% 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.

Analyst Recommendations for United Rentals (NYSE:URI)

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