United Rentals, Inc. (NYSE:URI) – Investment analysts at KeyCorp lifted their FY2017 earnings per share estimates for shares of United Rentals in a research note issued to investors on Thursday. KeyCorp analyst J. Box now expects that the construction company will earn $10.62 per share for the year, up from their prior estimate of $10.27. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for United Rentals’ Q4 2017 earnings at $3.38 EPS, Q1 2018 earnings at $2.03 EPS, Q2 2018 earnings at $2.87 EPS, Q3 2018 earnings at $3.75 EPS, Q4 2018 earnings at $3.69 EPS and FY2019 earnings at $13.40 EPS.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.27. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.58 earnings per share.

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A number of other brokerages have also issued reports on URI. Zacks Investment Research lowered United Rentals from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC upped their target price on United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Bank of America Corporation set a $165.00 target price on United Rentals and gave the company a “buy” rating in a research report on Thursday. UBS AG set a $150.00 target price on United Rentals and gave the company a “hold” rating in a research report on Thursday. Finally, Citigroup Inc. upped their target price on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $140.70.

United Rentals (NYSE:URI) opened at 144.40 on Monday. The firm has a 50-day moving average of $134.92 and a 200 day moving average of $118.43. United Rentals has a 52 week low of $70.58 and a 52 week high of $147.60. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of 20.98 and a beta of 2.46.

United Rentals declared that its Board of Directors has approved a share buyback program on Wednesday, October 18th that authorizes the company to buyback $373.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $144.72, for a total transaction of $4,341,600.00. Following the completion of the transaction, the insider now directly owns 272,292 shares in the company, valued at approximately $39,406,098.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the transaction, the chief financial officer now owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of URI. BlackRock Inc. grew its stake in United Rentals by 3,269.9% during the 1st quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock worth $729,568,000 after buying an additional 5,661,088 shares during the last quarter. AQR Capital Management LLC grew its stake in United Rentals by 362.1% during the 1st quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock worth $138,793,000 after buying an additional 869,711 shares during the last quarter. State Street Corp grew its stake in United Rentals by 15.0% during the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after buying an additional 763,469 shares during the last quarter. Neuberger Berman Group LLC grew its stake in United Rentals by 320.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock worth $85,670,000 after buying an additional 579,400 shares during the last quarter. Finally, Pioneer Investment Management Inc. grew its stake in United Rentals by 127.4% during the 2nd quarter. Pioneer Investment Management Inc. now owns 990,759 shares of the construction company’s stock worth $111,669,000 after buying an additional 555,089 shares during the last quarter. Hedge funds and other institutional investors own 93.66% 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.

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

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