United Rentals, Inc. (NYSE:URI) had its price target boosted by equities research analysts at Citigroup Inc. from $142.00 to $165.00 in a report released on Friday. The firm currently has a “buy” rating on the construction company’s stock. Citigroup Inc.’s price target indicates a potential upside of 14.58% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 target price on shares of United Rentals in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Wednesday, September 20th. Deutsche Bank AG lifted their target price on shares of United Rentals from $121.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of United Rentals in a research report on Friday, July 21st. One investment 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 company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $134.70.

Shares of United Rentals (NYSE:URI) traded up 0.18% on Friday, hitting $144.27. 157,707 shares of the stock traded hands. The firm has a market cap of $12.20 billion, a P/E ratio of 20.96 and a beta of 2.46. United Rentals has a 52 week low of $70.58 and a 52 week high of $145.56. The stock has a 50-day moving average price of $129.53 and a 200 day moving average price of $117.53.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. Equities research analysts predict that United Rentals will post $10.07 EPS for the current fiscal year.

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In other news, CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the sale, the chief financial officer now owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated 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 sale, the insider now directly owns 302,292 shares in the company, valued at approximately $36,507,804.84. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cleararc Capital Inc. boosted its stake in shares of United Rentals by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after purchasing an additional 12 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its stake in shares of United Rentals by 0.3% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $604,000 after purchasing an additional 15 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of United Rentals by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock valued at $254,000 after purchasing an additional 24 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of United Rentals by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock valued at $708,000 after purchasing an additional 25 shares in the last quarter. Finally, Bank of Hawaii boosted its stake in shares of United Rentals by 0.3% during the 2nd quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock valued at $1,277,000 after purchasing an additional 30 shares in the last quarter. 93.75% of the stock is currently owned by hedge funds and other 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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