Northcoast Research Weighs in on United Rentals, Inc.’s FY2017 Earnings (URI)
United Rentals, Inc. (NYSE:URI) – Equities research analysts at Northcoast Research increased their FY2017 EPS estimates for shares of United Rentals in a report released on Tuesday. Northcoast Research analyst J. Healy now forecasts that the construction company will post earnings of $9.86 per share for the year, up from their previous estimate of $9.49.
URI has been the topic of a number of other research reports. BidaskClub cut United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Bank of America Corporation reiterated a “buy” rating and issued a $145.00 target price (up previously from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada upgraded United Rentals from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $128.00 to $138.00 in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $133.17.
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Shares of United Rentals (NYSE URI) opened at 142.16 on Thursday. The firm’s 50-day moving average is $128.52 and its 200-day moving average is $117.33. United Rentals has a one year low of $70.58 and a one year high of $144.19. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 20.65 and a beta of 2.46.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the company. First Manhattan Co. grew its stake in shares of United Rentals by 4,204.3% during the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after acquiring an additional 967 shares during the period. Americafirst Capital Management LLC bought a new position in shares of United Rentals during the 2nd quarter worth $151,000. Huntington National Bank grew its stake in shares of United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after acquiring an additional 179 shares during the period. IFP Advisors Inc grew its stake in shares of United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after acquiring an additional 478 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after acquiring an additional 145 shares during the period. Institutional investors own 93.75% of the company’s stock.
In other news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the transaction, the chief financial officer now owns 38,055 shares in the company, valued at approximately $4,880,934.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
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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