Equities research analysts at Buckingham Research assumed coverage on shares of United Rentals, Inc. (NYSE:URI) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $154.00 price target on the construction company’s stock. Buckingham Research’s price target would suggest a potential upside of 0.20% from the stock’s previous close.

A number of other brokerages have also issued reports on URI. BidaskClub lowered shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Axiom Securities restated a “sell” rating on shares of United Rentals in a research note on Wednesday, July 26th. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating on shares of United Rentals in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. United Rentals currently has an average rating of “Buy” and a consensus price target of $145.57.

Shares of United Rentals (URI) traded up $2.19 during trading on Tuesday, reaching $153.69. 1,244,974 shares of the company were exchanged, compared to its average volume of 1,591,308. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.47. United Rentals has a 12-month low of $91.72 and a 12-month high of $152.76. The stock has a market cap of $12,690.00, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.91 and a beta of 2.65.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business posted $2.58 EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. analysts predict that United Rentals will post 10.56 earnings per share for the current year.

United Rentals declared that its board has initiated a stock repurchase plan on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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In related news, Director Donald C. Roof sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total transaction of $647,775.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 272,292 shares of the company’s stock, valued at $39,406,098.24. The disclosure for this sale can be found here. Insiders sold 65,433 shares of company stock valued at $9,434,570 over the last quarter. Insiders own 1.20% of the company’s stock.

A number of large investors have recently modified their holdings of URI. First Manhattan Co. boosted its holdings in United Rentals by 4,204.3% during the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in United Rentals during the third quarter worth approximately $119,000. Americafirst Capital Management LLC purchased a new stake in shares of United Rentals in the 2nd quarter valued at approximately $151,000. Huntington National Bank lifted its position in shares of United Rentals by 14.2% in 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 in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of United Rentals by 40.4% in 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 in the last quarter. Hedge funds and other institutional investors own 93.34% of the company’s stock.

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.

Analyst Recommendations for United Rentals (NYSE:URI)

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