Axiom Securities reissued their sell rating on shares of United Rentals, Inc. (NYSE:URI) in a report published on Wednesday.

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.

Analyst Recommendations for United Rentals (NYSE:URI)

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