United Rentals, Inc. (URI) Given Consensus Recommendation of “Hold” by Brokerages
Shares of United Rentals, Inc. (NYSE:URI) have earned a consensus rating of “Hold” from the twenty brokerages that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $107.39.
Several research firms have recently weighed in on URI. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research note on Thursday, March 16th. Vetr upgraded United Rentals from a “hold” rating to a “buy” rating and set a $132.19 price target on the stock in a research report on Wednesday, March 8th. Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Barclays PLC increased their price target on United Rentals from $120.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Finally, Argus lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, February 2nd. They noted that the move was a valuation call.
United Rentals (NYSE:URI) opened at 124.99 on Thursday. The company has a 50 day moving average price of $126.81 and a 200-day moving average price of $100.43. The firm has a market capitalization of $10.54 billion, a PE ratio of 19.38 and a beta of 2.49. United Rentals has a one year low of $56.01 and a one year high of $134.28.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 25th. The company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. United Rentals had a return on equity of 50.17% and a net margin of 9.82%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $2.19 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that United Rentals will post $9.13 EPS for the current year.
In other United Rentals news, Director Filippo Passerini sold 4,000 shares of the company’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $127.62, for a total transaction of $510,480.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Jeffrey J. Fenton sold 4,762 shares of the company’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $127.16, for a total value of $605,535.92. Following the transaction, the vice president now directly owns 24,781 shares in the company, valued at approximately $3,151,151.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,822 shares of company stock worth $8,285,451. Company insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of URI. Elkhorn Investments LLC purchased a new position in United Rentals during the fourth quarter valued at about $1,021,000. Westport Asset Management Inc. purchased a new position in United Rentals during the fourth quarter valued at about $2,112,000. Norges Bank purchased a new position in United Rentals during the fourth quarter valued at about $117,257,000. Appaloosa LP purchased a new position in United Rentals during the fourth quarter valued at about $69,351,000. Finally, I.G. Investment Management LTD. increased its position in United Rentals by 9.5% in the fourth quarter. I.G. Investment Management LTD. now owns 6,200 shares of the company’s stock valued at $655,000 after buying an additional 536 shares in the last quarter. 95.15% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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