United Rentals (URI) PT Set at $190.00 by Buckingham Research
United Rentals (NYSE:URI) has been given a $190.00 price target by Buckingham Research in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the construction company’s stock. Buckingham Research’s price objective points to a potential upside of 12.45% from the company’s previous close.
A number of other equities analysts have also issued reports on URI. Zacks Investment Research lowered shares of United Rentals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 19th. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $196.00 target price for the company in a research report on Friday, June 22nd. Bank of America set a $186.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Deutsche Bank set a $158.00 target price on shares of United Rentals and gave the company a “hold” rating in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $188.73.
United Rentals stock opened at $168.96 on Tuesday. The stock has a market cap of $13.98 billion, a PE ratio of 15.95, a PEG ratio of 0.59 and a beta of 2.47. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.68 and a quick ratio of 0.63. United Rentals has a one year low of $129.01 and a one year high of $190.74.
In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $155.37, for a total value of $4,661,100.00. Following the completion of the sale, the chief executive officer now directly owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the sale, the director now directly owns 12,564 shares of the company’s stock, valued at $2,107,987.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Moneta Group Investment Advisors LLC lifted its holdings in United Rentals by 1,190.0% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock valued at $111,000 after acquiring an additional 595 shares during the last quarter. Optimum Investment Advisors acquired a new stake in United Rentals in the 1st quarter valued at about $164,000. Wagner Bowman Management Corp acquired a new stake in United Rentals in the 2nd quarter valued at about $206,000. Opera Trading Capital acquired a new stake in United Rentals in the 2nd quarter valued at about $221,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in United Rentals in the 2nd quarter valued at about $223,000. 86.78% of the stock is owned by institutional investors.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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