Jefferies Group LLC restated their buy rating on shares of United Rentals, Inc. (NYSE:URI) in a research note released on Thursday. The brokerage currently has a $150.00 target price on the construction company’s stock.

Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of United Rentals from a hold rating to a buy rating and set a $145.00 price target on the stock in a research note on Wednesday. ValuEngine upgraded shares of United Rentals from a buy rating to a strong-buy rating in a research note on Friday, September 1st. UBS AG restated a neutral rating and set a $125.00 price target on shares of United Rentals in a research note on Sunday, August 20th. Stifel Nicolaus upgraded shares of United Rentals from a hold rating to a buy rating and set a $133.00 price target on the stock in a research note on Friday, August 18th. Finally, BidaskClub lowered shares of United Rentals from a buy rating to a hold rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $127.85.

Shares of United Rentals (URI) opened at 132.31 on Thursday. The company’s 50-day moving average is $117.55 and its 200-day moving average is $115.67. The stock has a market capitalization of $11.19 billion, a PE ratio of 19.22 and a beta of 2.42. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted $2.06 EPS. United Rentals’s quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts expect that United Rentals will post $9.91 earnings per share for the current fiscal year.

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In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO William B. Plummer sold 5,301 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the sale, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of URI. First Manhattan Co. boosted its holdings in United Rentals by 4,204.3% in the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after purchasing an additional 967 shares during the period. Americafirst Capital Management LLC bought a new stake in United Rentals in the 2nd quarter valued at $151,000. Huntington National Bank boosted its holdings in United Rentals by 14.2% in the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after purchasing an additional 179 shares during the period. IFP Advisors Inc boosted its holdings in United Rentals by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after purchasing an additional 478 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in United Rentals by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after purchasing an additional 145 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for United Rentals (NYSE:URI)

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