United Rentals, Inc. (NYSE:URI) – Investment analysts at Jefferies Group boosted their Q4 2017 earnings estimates for shares of United Rentals in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Jordan now forecasts that the construction company will post earnings of $3.53 per share for the quarter, up from their previous forecast of $3.14. Jefferies Group has a “Buy” rating and a $210.00 price objective on the stock. Jefferies Group also issued estimates for United Rentals’ FY2018 earnings at $16.87 EPS and FY2019 earnings at $19.70 EPS.

Several other research firms have also recently weighed in on URI. Bank of America set a $165.00 price target on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 19th. UBS Group set a $150.00 price target on United Rentals and gave the stock a “hold” rating in a research note on Thursday, October 19th. Buckingham Research began coverage on United Rentals in a report on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price objective for the company. Deutsche Bank reaffirmed a “hold” rating and issued a $157.00 price objective (up previously from $130.00) on shares of United Rentals in a report on Tuesday, October 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of United Rentals in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals presently has an average rating of “Buy” and a consensus target price of $162.89.

United Rentals (URI) opened at $180.17 on Thursday. United Rentals has a one year low of $100.62 and a one year high of $184.00. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $15,136.31, a price-to-earnings ratio of 25.52, a PEG ratio of 0.75 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 for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. The company’s revenue was up 17.1% on a year-over-year basis.

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

In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 272,292 shares of the company’s stock, valued at $39,406,098.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald C. Roof sold 757 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold 91,760 shares of company stock valued at $13,873,111 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in URI. Schroder Investment Management Group grew its holdings in United Rentals by 2,817.7% during the second quarter. Schroder Investment Management Group now owns 19,315 shares of the construction company’s stock valued at $2,119,000 after purchasing an additional 18,653 shares during the period. Icon Advisers Inc. Co. bought a new stake in United Rentals during the second quarter valued at about $282,000. BlackRock Inc. grew its holdings in United Rentals by 3.3% during the second quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock valued at $679,080,000 after purchasing an additional 190,803 shares during the period. Laurion Capital Management LP grew its holdings in United Rentals by 431.8% during the second quarter. Laurion Capital Management LP now owns 18,364 shares of the construction company’s stock valued at $2,070,000 after purchasing an additional 23,898 shares during the period. Finally, Profund Advisors LLC grew its holdings 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 purchasing an additional 24 shares during the period. 91.48% of the stock is owned by institutional investors and hedge funds.

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United Rentals Company Profile

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.

Earnings History and Estimates for United Rentals (NYSE:URI)

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