United Rentals Inc. (URI) Sets New 12-Month High at $82.29
United Rentals Inc. (NYSE:URI) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $82.29 and last traded at $81.88, with a volume of 711,371 shares changing hands. The stock had previously closed at $80.13.
URI has been the topic of several research reports. TheStreet raised United Rentals to a “buy” rating in a research report on Monday, May 2nd. Jefferies Group set a $80.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Thursday, July 21st. Morgan Stanley reissued a “buy” rating on shares of United Rentals in a research report on Tuesday, June 28th. Citigroup Inc. reissued a “buy” rating and issued a $85.00 price objective (up from $72.00) on shares of United Rentals in a research report on Monday, June 13th. Finally, RBC Capital Markets reissued a “hold” rating and issued a $80.00 price objective (up from $68.00) on shares of United Rentals in a research report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. United Rentals currently has a consensus rating of “Buy” and a consensus price target of $73.60.
The stock has a 50-day moving average price of $75.59 and a 200 day moving average price of $65.29. The firm has a market cap of $6.98 billion and a PE ratio of 12.21.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.24. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 EPS. Equities analysts expect that United Rentals Inc. will post $8.05 EPS for the current fiscal year.
In other news, insider Michael Kneeland sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $76.35, for a total transaction of $1,527,000.00. Following the completion of the sale, the insider now owns 387,169 shares in the company, valued at approximately $29,560,353.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lawrence Keith Wimbush sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $79.04, for a total transaction of $237,120.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in United Rentals stock. US Bancorp DE raised its stake in United Rentals Inc. (NYSE:URI) by 156.6% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,703 shares of the company’s stock after buying an additional 10,804 shares during the period. US Bancorp DE’s holdings in United Rentals were worth $1,284,000 at the end of the most recent quarter.
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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