Equities research analysts at Barclays started coverage on shares of United Rentals (NYSE:URI) in a research note issued to investors on Tuesday, MarketBeat reports. The firm set an “underweight” rating and a $150.00 price target on the construction company’s stock. Barclays’ price target would indicate a potential downside of 8.34% from the company’s previous close.

Several other equities research analysts also recently issued reports on URI. Stifel Nicolaus raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, August 18th. Jefferies Group reaffirmed a “buy” rating on shares of United Rentals in a research note on Friday, August 18th. UBS reaffirmed a “neutral” rating and set a $125.00 price target on shares of United Rentals in a research note on Sunday, August 20th. ValuEngine raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $152.11.

United Rentals (URI) traded down $0.17 during trading on Tuesday, reaching $163.65. 832,300 shares of the company traded hands, compared to its average volume of 1,558,694. United Rentals has a 12-month low of $100.62 and a 12-month high of $165.85. The stock has a market cap of $13,855.01, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 0.84 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. sell-side analysts predict that United Rentals will post 10.56 earnings per share for the current year.

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

In other news, Director Donald C. Roof sold 757 shares of United Rentals stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $159.80, for a total value of $120,968.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jenne K. Britell sold 3,250 shares of United Rentals stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $153.81, for a total transaction of $499,882.50. The disclosure for this sale can be found here. Insiders sold a total of 69,440 shares of company stock valued at $10,055,421 in the last three months. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of United Rentals by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 9,531,812 shares of the construction company’s stock valued at $1,074,330,000 after buying an additional 378,365 shares during the period. BlackRock Inc. boosted its holdings in shares of United Rentals by 3.3% in the 2nd quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock valued at $679,080,000 after buying an additional 190,803 shares during the period. State Street Corp boosted its holdings in shares of United Rentals by 15.0% in the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after buying an additional 763,469 shares during the period. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of United Rentals by 2.1% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,178,609 shares of the construction company’s stock valued at $132,841,000 after buying an additional 23,895 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of United Rentals by 8.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,073,773 shares of the construction company’s stock valued at $148,976,000 after buying an additional 83,014 shares during the period. 91.75% of the stock is owned by institutional investors and hedge funds.

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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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