United Rentals, Inc. (URI) Receives Consensus Rating of “Buy” from Analysts
Shares of United Rentals, Inc. (NYSE:URI) have earned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $188.73.
Several research firms have commented on URI. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a research note on Tuesday, September 18th. Buckingham Research set a $190.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Bank of America set a $200.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research note on Thursday, September 13th. Deutsche Bank set a $158.00 price target on shares of United Rentals and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Finally, UBS Group set a $196.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research note on Tuesday, August 14th.
United Rentals stock traded up $1.22 during trading on Friday, hitting $169.08. The company had a trading volume of 588,400 shares, compared to its average volume of 1,298,752. United Rentals has a 1-year low of $135.18 and a 1-year high of $190.74. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $13.95 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.59 and a beta of 2.46.
In related news, CEO Michael Kneeland sold 30,000 shares of the business’s stock in a transaction on Friday, July 20th. The shares were sold at an average price of $155.37, for a total transaction of $4,661,100.00. Following the completion of the transaction, the chief executive officer now owns 219,925 shares in the company, valued at $34,169,747.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Donald C. Roof sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the transaction, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its stake in shares of United Rentals by 1,190.0% during the first quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock worth $111,000 after purchasing an additional 595 shares in the last quarter. Wagner Bowman Management Corp acquired a new position in shares of United Rentals during the second quarter worth $206,000. Opera Trading Capital acquired a new position in shares of United Rentals during the second quarter worth $221,000. First Citizens Bank & Trust Co. acquired a new position in shares of United Rentals during the second quarter worth $223,000. Finally, First American Trust FSB acquired a new position in shares of United Rentals during the second quarter worth $225,000. Hedge funds and other institutional investors own 86.77% of the company’s stock.
United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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