United Rentals’ (URI) Buy Rating Reiterated at Jefferies Group LLC
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.
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