United Rentals’ (URI) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

United Rentals (NYSE:URI)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors 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 objective would indicate a potential upside of 30.66% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of United Rentals in a report on Monday, September 14th. UBS Group set a $1,170.00 price target on shares of United Rentals in a research note on Thursday, September 10th. Bank of America raised their price objective on shares of United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley set a $1,335.00 target price on United Rentals and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research note on Wednesday, June 10th. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,243.62.

United Rentals Stock Down 1.9%

Shares of URI stock traded down $19.45 on Thursday, hitting $1,012.54. 52,777 shares of the stock were exchanged, compared to its average volume of 560,983. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $63.02 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. United Rentals has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The business has a 50-day moving average of $1,066.89 and a 200 day moving average of $975.98.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $12.76 EPS 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 the consensus estimate of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $10.47 EPS. Equities analysts anticipate that United Rentals will post 48.7 EPS for the current year.

Insider Buying and Selling at United Rentals

In other United Rentals 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 sale, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its holdings in shares of United Rentals by 9.2% during the 2nd quarter. QRG Capital Management Inc. now owns 3,818 shares of the construction company’s stock worth $4,325,000 after acquiring an additional 322 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of United Rentals by 62.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 946 shares of the construction company’s stock worth $1,072,000 after acquiring an additional 363 shares during the last quarter. State Street Corp grew its position in United Rentals by 1.1% during the 2nd quarter. State Street Corp now owns 2,993,837 shares of the construction company’s stock valued at $3,391,688,000 after purchasing an additional 32,238 shares during the last quarter. Bouchey Financial Group Ltd. lifted its stake in shares of United Rentals by 4.4% in the second quarter. Bouchey Financial Group Ltd. now owns 379 shares of the construction company’s stock worth $429,000 after buying an additional 16 shares in the last quarter. Finally, Capstone Financial Advisors Inc. purchased a new position in United Rentals in the 2nd quarter worth approximately $276,000. 96.26% of the stock is currently owned by institutional investors.

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.