United Rentals, Inc. (NYSE:URI) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $157.30.
A number of equities analysts recently weighed in on URI shares. UBS Group set a $170.00 price target on United Rentals and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Friday, June 21st. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Morgan Stanley upped their price target on United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, OTR Global cut United Rentals to a “positive” rating in a report on Monday, April 1st.
NYSE URI traded up $0.66 during trading hours on Monday, reaching $132.63. The company’s stock had a trading volume of 1,875,730 shares, compared to its average volume of 1,134,483. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 0.38 and a beta of 2.60. United Rentals has a 1-year low of $94.28 and a 1-year high of $173.00. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a 50-day moving average price of $123.57.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. United Rentals’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.87 EPS. As a group, sell-side analysts expect that United Rentals will post 19.62 earnings per share for the current fiscal year.
In other United Rentals news, Director Michael Kneeland sold 84,431 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $131.23, for a total transaction of $11,079,880.13. Following the completion of the sale, the director now directly owns 276,295 shares in the company, valued at approximately $36,258,192.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 233,261 shares of company stock valued at $29,791,035. 1.00% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of URI. National Pension Service grew its position in shares of United Rentals by 9.7% in the fourth quarter. National Pension Service now owns 115,408 shares of the construction company’s stock valued at $15,199,000 after purchasing an additional 10,171 shares in the last quarter. UBS Oconnor LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $2,051,000. Advisory Services Network LLC grew its position in shares of United Rentals by 29.2% in the first quarter. Advisory Services Network LLC now owns 10,898 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 2,465 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of United Rentals by 30,911.5% in the first quarter. Prime Capital Investment Advisors LLC now owns 59,232 shares of the construction company’s stock valued at $6,767,000 after purchasing an additional 59,041 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $1,097,000. Institutional investors own 86.64% of the company’s stock.
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 Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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.
Further Reading: Certificate of Deposit (CD)
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