Barclays Initiates Coverage on United Rentals (URI)
Equities research analysts at Barclays began coverage on shares of United Rentals (NYSE:URI) in a research report issued on Tuesday, The Fly reports. The firm set an “underweight” rating on the construction company’s stock.
Several other research firms have also issued reports on URI. Buckingham Research began coverage on United Rentals in a research report on Tuesday, November 21st. They set a “neutral” rating and a $154.00 price target on the stock. KeyCorp restated a “hold” rating on shares of United Rentals in a research report on Friday, October 20th. Citigroup raised their price target on United Rentals from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. UBS set a $150.00 price target on United Rentals and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Oppenheimer restated a “hold” rating on shares of United Rentals in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $145.57.
United Rentals (URI) traded down $0.17 on Tuesday, reaching $163.65. The company had a trading volume of 832,302 shares, compared to its average volume of 1,558,694. 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 fifty-two week low of $100.62 and a fifty-two week high of $165.85. The company has a market cap of $13,870.23, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.84 and a beta of 2.67.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $2.58 EPS. United Rentals’s revenue for the quarter was up 17.1% compared to the same quarter last year. equities research analysts anticipate that United Rentals will post 10.56 EPS for the current fiscal year.
United Rentals declared that its board has approved a share buyback plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Jenne K. Britell sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $153.81, for a total value of $499,882.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald C. Roof sold 757 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $159.80, for a total value of $120,968.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,440 shares of company stock valued at $10,055,421. 1.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cleararc Capital Inc. raised its stake in United Rentals by 0.6% during the first quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after buying an additional 12 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its stake in United Rentals by 0.3% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $604,000 after buying an additional 15 shares during the last quarter. Pitcairn Co. raised its stake in United Rentals by 0.4% during the second quarter. Pitcairn Co. now owns 5,795 shares of the construction company’s stock valued at $388,000 after buying an additional 21 shares during the last quarter. Profund Advisors LLC raised its stake in United Rentals by 1.1% during the second quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock valued at $254,000 after buying an additional 24 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in United Rentals by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock valued at $708,000 after buying an additional 25 shares during the last quarter. Institutional investors own 91.75% of the company’s stock.
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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.
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