United Rentals’ (URI) “Buy” Rating Reaffirmed at Stifel Nicolaus

United Rentals (NYSE:URI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $171.00 target price on the construction company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 4.39% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Barclays began coverage on United Rentals in a research report on Tuesday. They issued an “underweight” rating and a $150.00 price objective on the stock. Buckingham Research initiated coverage on United Rentals in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price objective on the stock. Citigroup raised their price target on United Rentals from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 20th. KeyCorp restated a “hold” rating on shares of United Rentals in a research report on Friday, October 20th. Finally, Bank of America set a $165.00 price target on United Rentals and gave the company a “buy” rating in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $152.04.

Shares of United Rentals (NYSE:URI) traded up $0.16 during mid-day trading on Thursday, hitting $163.81. The company had a trading volume of 948,200 shares, compared to its average volume of 1,556,150. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. United Rentals has a one year low of $100.62 and a one year high of $165.85. The stock has a market capitalization of $13,850.00, a P/E ratio of 16.48, a PEG ratio of 0.84 and a beta of 2.67.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $2.58 earnings per share. The firm’s revenue was up 17.1% compared to the same quarter last year. sell-side analysts predict that United Rentals will post 10.56 earnings per share for the current fiscal year.

United Rentals announced that its board has authorized a share buyback plan on Wednesday, October 18th that permits the company to buyback $373.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In other news, CFO William B. Plummer sold 5,301 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $128.26, for a total transaction of $679,906.26. Following the transaction, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $144.72, for a total value of $4,341,600.00. Following the transaction, the insider now directly owns 272,292 shares in the company, valued at $39,406,098.24. The disclosure for this sale can be found here. Insiders have sold 71,640 shares of company stock worth $10,415,495 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Large investors have recently made changes to their positions in the company. Aviva PLC grew its stake in shares of United Rentals by 4.5% during the second quarter. Aviva PLC now owns 49,326 shares of the construction company’s stock valued at $5,560,000 after buying an additional 2,140 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in shares of United Rentals in the second quarter worth about $6,195,000. American Century Companies Inc. grew its stake in shares of United Rentals by 111.5% in the second quarter. American Century Companies Inc. now owns 630,058 shares of the construction company’s stock worth $71,014,000 after purchasing an additional 332,211 shares during the last quarter. 1060 Capital LLC bought a new stake in shares of United Rentals in the second quarter worth about $29,797,000. Finally, CNA Financial Corp bought a new stake in shares of United Rentals in the second quarter worth about $3,043,000. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

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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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