United Rentals (NYSE:URI) Earns Outperform Rating from Royal Bank Of Canada

United Rentals (NYSE:URI)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a research note issued on Thursday, Benzinga reports. They presently have a $1,323.00 price target on the construction company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 30.33% from the stock’s previous close.

Several other analysts also recently issued reports on URI. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price on the stock in a research note on Monday, June 29th. UBS Group set a $1,170.00 price objective on shares of United Rentals in a research note on Thursday, September 10th. Zacks Research downgraded United Rentals from a “strong-buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research report on Friday, July 24th. Finally, Truist Financial upped their price objective on United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Fifteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,243.63.

United Rentals Trading Down 1.6%

Shares of URI stock traded down $16.84 on Thursday, hitting $1,015.15. 146,065 shares of the company’s stock traded hands, compared to its average volume of 561,540. The company’s fifty day simple moving average is $1,066.89 and its 200 day simple moving average is $975.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. United Rentals has a one year low of $701.59 and a one year high of $1,179.18. The stock has a market capitalization of $63.19 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.53 and a beta of 1.79.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 22nd. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. United Rentals’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $10.47 earnings per share. Equities analysts forecast that United Rentals will post 48.7 EPS for the current year.

Insider Buying and Selling at United Rentals

In related news, EVP William Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of URI. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of United Rentals during the second quarter worth $29,000. MidFirst Bank acquired a new position in United Rentals in the 2nd quarter valued at about $31,000. Core Wealth Advisors LLC acquired a new position in United Rentals in the 4th quarter valued at about $28,000. MV Capital Management Inc. acquired a new position in United Rentals in the 4th quarter valued at $28,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of United Rentals during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.