Jefferies Group LLC reissued their buy rating on shares of United Rentals, Inc. (NYSE:URI) in a report issued on Thursday morning. The brokerage currently has a $150.00 target price on the construction company’s stock.

URI has been the topic of several other research reports. Axiom Securities reiterated a sell rating on shares of United Rentals in a research note on Tuesday, June 6th. BidaskClub downgraded United Rentals from a strong-buy rating to a buy rating in a research note on Friday, August 4th. Zacks Investment Research downgraded United Rentals from a buy rating to a hold rating in a research note on Tuesday, August 1st. ValuEngine upgraded United Rentals from a buy rating to a strong-buy rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation reiterated a buy rating and set a $145.00 price target (up previously from $130.00) on shares of United Rentals in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $127.85.

Shares of United Rentals (URI) traded up 0.87% on Thursday, hitting $131.25. The stock had a trading volume of 325,037 shares. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28. The company has a market cap of $11.10 billion, a P/E ratio of 19.07 and a beta of 2.42. The company’s 50 day moving average price is $117.55 and its 200-day moving average price is $115.67.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $2.06 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts expect that United Rentals will post $9.91 earnings per share for the current year.

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In other news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at $4,880,934.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were 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 owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock worth $729,568,000 after acquiring an additional 5,661,088 shares during the period. JPMorgan Chase & Co. grew its position in United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock worth $317,582,000 after acquiring an additional 1,356,308 shares during the period. AQR Capital Management LLC grew its position in 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 worth $138,793,000 after acquiring an additional 869,711 shares during the period. State Street Corp grew its position in United Rentals by 15.0% in the second quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after acquiring an additional 763,469 shares during the period. Finally, Neuberger Berman Group LLC grew its position in United Rentals by 320.7% in the second quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock worth $85,670,000 after acquiring an additional 579,400 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

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.

Analyst Recommendations for United Rentals (NYSE:URI)

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