Shares of United Rentals Inc. (NYSE:URI) fell 1.6% on Monday . The company traded as low as $68.65 and last traded at $69.00, with a volume of 729,005 shares traded. The stock had previously closed at $70.12.

A number of brokerages have weighed in on URI. Citigroup Inc. reiterated a “buy” rating and set a $85.00 price target (up from $72.00) on shares of United Rentals in a report on Monday, June 13th. TheStreet upgraded United Rentals to a “buy” rating in a report on Monday, May 2nd. Morgan Stanley reiterated a “buy” rating on shares of United Rentals in a report on Tuesday, June 28th. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a report on Monday, May 23rd. Finally, Bank of America Corp. downgraded United Rentals from a “neutral” rating to an “underperform” rating and set a $55.00 price target for the company. in a report on Friday, April 22nd. Five analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. United Rentals presently has an average rating of “Hold” and an average target price of $68.20.

The stock has a market cap of $6.12 billion and a PE ratio of 11.62. The company has a 50-day moving average of $68.84 and a 200-day moving average of $61.12.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 20th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.23. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $1.34 EPS. The firm’s revenue was down .4% on a year-over-year basis. Equities analysts forecast that United Rentals Inc. will post $7.64 earnings per share for the current year.

In related news, insider Michael Kneeland sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $63.07, for a total value of $1,261,400.00. Following the sale, the insider now owns 407,169 shares in the company, valued at approximately $25,680,148.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dale A. Asplund sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $61.33, for a total value of $398,645.00. Following the completion of the sale, the senior vice president now owns 39,481 shares in the company, valued at approximately $2,421,369.73. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in the stock. Russell Frank Co boosted its position in United Rentals by 13.7% in the fourth quarter. Russell Frank Co now owns 97,773 shares of the company’s stock valued at $7,109,000 after buying an additional 11,779 shares during the period. Oxford Asset Management acquired a new position in United Rentals during the fourth quarter valued at about $1,159,000. TD Asset Management Inc. boosted its position in United Rentals by 6.0% in the fourth quarter. TD Asset Management Inc. now owns 44,290 shares of the company’s stock valued at $3,213,000 after buying an additional 2,500 shares during the period. Engineers Gate Manager LP acquired a new position in United Rentals during the fourth quarter valued at about $1,795,000. Finally, Shell Asset Management Co. boosted its position in United Rentals by 3.8% in the fourth quarter. Shell Asset Management Co. now owns 13,861 shares of the company’s stock valued at $1,005,000 after buying an additional 506 shares during the period.

United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes 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, general tools and light equipment, such as pressure washers, water pumps and power tools.

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