United Rentals’ (URI) Outperform Rating Reiterated at Royal Bank Of Canada

United Rentals (NYSE:URI)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a report released on Thursday, Benzinga reports. They currently have a $1,323.00 price objective on the construction company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 29.35% from the stock’s current price.

URI has been the subject of a number of other reports. Bank of America upped their price target on shares of United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Zacks Research lowered shares of United Rentals from a “strong-buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $1,170.00 price target (down from $1,235.00) on shares of United Rentals in a research note on Thursday, September 10th. Wall Street Zen lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Finally, Raymond James Financial reaffirmed 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,243.63.

United Rentals Stock Performance

United Rentals stock traded down $9.22 during midday trading on Thursday, reaching $1,022.77. 224,963 shares of the stock traded hands, compared to its average volume of 562,000. 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 fifty day moving average price of $1,066.89 and a two-hundred day moving average price of $975.98. The firm has a market cap of $63.66 billion, a price-to-earnings ratio of 24.56, a PEG 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.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 22nd. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. The firm 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 was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $10.47 EPS. On average, equities research analysts forecast that United Rentals will post 48.7 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP William Grace sold 1,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. 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 corporate insiders.

Institutional Investors Weigh In On United Rentals

Large investors have recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in United Rentals by 9.2% in the 2nd quarter. QRG Capital Management Inc. now owns 3,818 shares of the construction company’s stock valued at $4,325,000 after buying an additional 322 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in United Rentals by 62.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 946 shares of the construction company’s stock valued at $1,072,000 after buying an additional 363 shares during the period. State Street Corp increased its stake in United Rentals by 1.1% in 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 buying an additional 32,238 shares during the period. Bouchey Financial Group Ltd. increased its stake in United Rentals by 4.4% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 379 shares of the construction company’s stock valued at $429,000 after buying an additional 16 shares during the period. Finally, Capstone Financial Advisors Inc. acquired a new position in United Rentals in the 2nd quarter valued at approximately $276,000. Institutional investors and hedge funds 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.