United Rentals, Inc. (URI) Given Neutral Rating at UBS AG
UBS AG restated their neutral rating on shares of United Rentals, Inc. (NYSE:URI) in a research report released on Sunday morning. They currently have a $125.00 target price on the construction company’s stock.
Other research analysts have also recently issued reports about the company. BidaskClub raised United Rentals from a hold rating to a buy rating in a research report on Saturday, July 1st. Jefferies Group LLC reissued a buy rating and issued a $150.00 target price on shares of United Rentals in a research report on Friday, June 9th. Bank of America Corporation raised United Rentals from a neutral rating to a buy rating in a research report on Friday, April 28th. ValuEngine cut United Rentals from a strong-buy rating to a buy rating in a research report on Thursday, July 20th. Finally, Citigroup Inc. raised their target price on United Rentals from $130.00 to $142.00 and gave the stock a buy rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. United Rentals currently has a consensus rating of Buy and an average price target of $124.91.
United Rentals (NYSE URI) opened at 111.86 on Friday. The firm’s 50-day moving average is $115.82 and its 200-day moving average is $116.99. United Rentals has a 12-month low of $70.58 and a 12-month high of $134.28. The stock has a market capitalization of $9.46 billion, a P/E ratio of 16.25 and a beta of 2.43.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. United Rentals’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. Analysts predict that United Rentals will post $9.91 EPS for the current fiscal year.
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In other United Rentals news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the sale, the insider now owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in United Rentals by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock worth $48,832,000 after buying an additional 16,701 shares during the last quarter. Sanctuary Wealth Advisors LLC increased its stake in United Rentals by 99.3% in the first quarter. Sanctuary Wealth Advisors LLC now owns 63,821 shares of the construction company’s stock worth $7,357,000 after buying an additional 31,805 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in United Rentals by 489.7% in the first quarter. PNC Financial Services Group Inc. now owns 149,135 shares of the construction company’s stock worth $18,650,000 after buying an additional 123,843 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in United Rentals during the first quarter worth about $1,075,000. Finally, HighTower Advisors LLC increased its stake in United Rentals by 4.6% in the first quarter. HighTower Advisors LLC now owns 55,174 shares of the construction company’s stock worth $6,945,000 after buying an additional 2,416 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.
About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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