United Rentals, Inc. (URI) Stock Rating Reaffirmed by Axiom Securities
Several other analysts have also recently issued reports on URI. UBS AG reaffirmed a neutral rating and set a $121.00 price objective on shares of United Rentals in a research note on Sunday, April 23rd. Citigroup Inc. upped their price objective on shares of United Rentals from $130.00 to $142.00 and gave the company a buy rating in a research note on Friday, July 21st. Zacks Investment Research raised shares of United Rentals from a hold rating to a buy rating and set a $137.00 price objective for the company in a research note on Monday, July 24th. Stifel Nicolaus reaffirmed a hold rating on shares of United Rentals in a research note on Friday, July 21st. Finally, ValuEngine cut shares of United Rentals from a strong-buy rating to a buy rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. United Rentals presently has an average rating of Buy and a consensus target price of $124.85.
United Rentals (NYSE URI) opened at 119.73 on Wednesday. United Rentals has a one year low of $70.58 and a one year high of $134.28. The company has a market cap of $10.12 billion, a P/E ratio of 17.39 and a beta of 2.42. The company has a 50 day moving average of $112.37 and a 200-day moving average of $116.93.
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, beating the consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company earned $2.06 EPS. United Rentals’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts expect that United Rentals will post $9.91 earnings per share for the current fiscal year.
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In other news, 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 transaction, the insider now directly owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. First Manhattan Co. raised its position in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after buying an additional 967 shares in the last quarter. Whittier Trust Co. raised its position in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of United Rentals during the first quarter valued at approximately $127,000. Contravisory Investment Management Inc. raised its position in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock valued at $162,000 after buying an additional 423 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after buying an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.
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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