Q3 2017 EPS Estimates for United Rentals, Inc. (URI) Boosted by Northcoast Research
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.
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