United Rentals’ (URI) Neutral Rating Reiterated at UBS AG
United Rentals, Inc. (NYSE:URI)‘s stock had its “neutral” rating restated by equities researchers at UBS AG in a research report issued to clients and investors on Sunday, www.flashratings.com reports. They currently have a $125.00 target price on the construction company’s stock. UBS AG’s price objective indicates a potential upside of 11.75% from the company’s previous close.
A number of other equities analysts have also issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating on shares of United Rentals in a research report on Friday. Stifel Nicolaus upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research report on Friday. BidaskClub lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Wednesday, August 2nd. Finally, Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. United Rentals presently has an average rating of “Buy” and a consensus target price of $124.91.
Shares of United Rentals (URI) opened at 111.86 on Friday. The firm has a market cap of $9.46 billion, a PE ratio of 16.25 and a beta of 2.43. United Rentals has a 1-year low of $70.58 and a 1-year high of $134.28. The stock has a 50 day moving average of $115.82 and a 200 day moving average of $116.99.
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 Zacks’ consensus estimate of $2.28 by $0.09. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. United Rentals’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. Equities research analysts anticipate that United Rentals will post $9.91 earnings per share for the current fiscal year.
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In other news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its position in United Rentals by 0.6% in the first quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock worth $256,000 after buying an additional 12 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its position in United Rentals by 0.3% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $604,000 after buying an additional 15 shares in the last quarter. Profund Advisors LLC increased its position in United Rentals by 1.1% in the second quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after buying an additional 24 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in United Rentals by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock worth $708,000 after buying an additional 25 shares in the last quarter. Finally, Bank of Hawaii increased its position in United Rentals by 0.3% in the second quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock worth $1,277,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 96.20% 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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