Traders Sell United Rentals, Inc. (URI) on Strength (URI)
Investors sold shares of United Rentals, Inc. (NYSE:URI) on strength during trading hours on Monday. $18.78 million flowed into the stock on the tick-up and $51.82 million flowed out of the stock on the tick-down, for a money net flow of $33.04 million out of the stock. Of all companies tracked, United Rentals had the 14th highest net out-flow for the day. United Rentals traded up $0.66 for the day and closed at $112.20
Several research analysts have recently issued reports on the company. ValuEngine downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Stifel Nicolaus reaffirmed a “hold” rating on shares of United Rentals in a research note on Friday, July 21st. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 target price on shares of United Rentals in a research note on Thursday, April 20th. Finally, Deutsche Bank AG boosted their target price on shares of United Rentals from $121.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $124.50.
The company’s 50-day moving average price is $115.32 and its 200-day moving average price is $117.30. The company has a market capitalization of $9.49 billion, a P/E ratio of 16.30 and a beta of 2.43.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.09. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 EPS. On average, analysts forecast that United Rentals, Inc. will post $9.91 earnings per share for the current year.
In related news, insider Michael Kneeland sold 30,000 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock valued at $729,568,000 after buying an additional 5,661,088 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock valued at $317,582,000 after buying an additional 1,356,308 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of United Rentals by 362.1% in the first quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock valued at $138,793,000 after buying an additional 869,711 shares in the last quarter. State Street Corp increased its stake in shares of United Rentals by 15.0% in the second 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 in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of United Rentals by 320.7% in the second quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock valued at $85,670,000 after buying an additional 579,400 shares in the last quarter. 96.20% of the stock is 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.
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