United Rentals, Inc. (NYSE:URI) – Research analysts at Oppenheimer Holdings increased their FY2017 earnings per share (EPS) estimates for shares of United Rentals in a research note issued to investors on Thursday. Oppenheimer Holdings analyst S. Schneeberger now expects that the construction company will post earnings per share of $10.56 for the year, up from their prior forecast of $9.64. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for United Rentals’ Q4 2017 earnings at $3.31 EPS and FY2018 earnings at $12.06 EPS.

Several other research analysts also recently issued reports on URI. KeyCorp reiterated a “hold” rating on shares of United Rentals in a report on Friday, October 20th. Axiom Securities restated a “sell” rating on shares of United Rentals in a report on Thursday, July 13th. BidaskClub downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Jefferies Group LLC increased their price objective on United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 16th. Finally, UBS AG set a $150.00 price objective on United Rentals and gave the company a “hold” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $144.97.

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United Rentals (NYSE:URI) opened at 145.94 on Monday. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 21.20 and a beta of 2.46. The stock has a 50 day moving average price of $137.49 and a 200 day moving average price of $119.10. United Rentals has a 52-week low of $70.58 and a 52-week high of $147.60.

United Rentals (NYSE:URI) last released its 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. United Rentals had a return on equity of 38.38% and a net margin of 11.27%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm earned $2.58 EPS. The business’s revenue for the quarter was up 17.1% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in URI. Highbridge Capital Management LLC bought a new position in shares of United Rentals during the 1st quarter worth about $355,000. Tudor Investment Corp ET AL boosted its position in shares of United Rentals by 203.7% during the 1st quarter. Tudor Investment Corp ET AL now owns 6,073 shares of the construction company’s stock worth $759,000 after purchasing an additional 4,073 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of United Rentals by 4.6% during the 1st quarter. HighTower Advisors LLC now owns 55,174 shares of the construction company’s stock worth $6,945,000 after purchasing an additional 2,416 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of United Rentals by 2.0% during the 1st quarter. Janus Capital Management LLC now owns 560,508 shares of the construction company’s stock worth $70,092,000 after purchasing an additional 11,018 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of United Rentals during the 1st quarter worth about $3,752,000. 93.58% of the stock is currently owned by institutional investors.

In other United Rentals news, Director Filippo Passerini sold 3,308 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total transaction of $473,837.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 272,292 shares in the company, valued at approximately $39,406,098.24. The disclosure for this sale can be found here. Insiders have sold 38,609 shares of company stock worth $5,495,344 in the last ninety days. Insiders own 1.20% of the company’s stock.

United Rentals declared that its board has initiated a share buyback program on Wednesday, October 18th that authorizes the company to buyback $373.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About United Rentals

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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