United Rentals, Inc. (URI) Earns Neutral Rating from Analysts at Buckingham Research
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 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.
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.
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