United Rentals, Inc. (NYSE:URI) – Equities research analysts at Northcoast Research increased their Q3 2017 EPS estimates for United Rentals in a note issued to investors on Tuesday. Northcoast Research analyst J. Healy now anticipates that the construction company will post earnings per share of $2.90 for the quarter, up from their previous estimate of $2.72. Northcoast Research also issued estimates for United Rentals’ Q4 2017 earnings at $2.96 EPS.

URI has been the subject of several other research reports. UBS AG reissued a “neutral” rating and issued a $125.00 price objective on shares of United Rentals in a research report on Sunday, August 20th. ValuEngine raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price objective on shares of United Rentals in a research report on Tuesday, September 5th. Deutsche Bank AG increased their price objective 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, Royal Bank Of Canada raised shares of United Rentals from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $128.00 to $138.00 in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $133.17.

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United Rentals (NYSE URI) opened at 144.01 on Friday. The firm has a 50-day moving average of $129.53 and a 200 day moving average of $117.53. United Rentals has a 12 month low of $70.58 and a 12 month high of $144.35. The stock has a market cap of $12.17 billion, a PE ratio of 20.92 and a beta of 2.46.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating 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 company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company posted $2.06 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of URI. First Manhattan Co. boosted its stake in United Rentals by 4,204.3% during the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after acquiring an additional 967 shares during the last quarter. Americafirst Capital Management LLC bought a new position in United Rentals during the 2nd quarter valued at $151,000. Huntington National Bank boosted its stake in United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after acquiring an additional 179 shares during the last quarter. IFP Advisors Inc boosted its stake in United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after acquiring an additional 478 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

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

Earnings History and Estimates for United Rentals (NYSE:URI)

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