United Rentals (URI) Research Coverage Started at Morgan Stanley
Morgan Stanley initiated coverage on shares of United Rentals (NYSE:URI) in a report released on Friday morning, Marketbeat.com reports. The firm issued an overweight rating and a $194.00 price objective on the construction company’s stock.
A number of other research firms have also recently weighed in on URI. Zacks Investment Research upgraded shares of United Rentals from a hold rating to a strong-buy rating and set a $213.00 price objective on the stock in a research report on Thursday, February 1st. Bank of America upgraded shares of United Rentals to a buy rating and boosted their price objective for the company from $165.00 to $195.00 in a research report on Tuesday, December 19th. Buckingham Research started coverage on shares of United Rentals in a research report on Tuesday, November 21st. They set a neutral rating and a $154.00 price objective on the stock. UBS Group boosted their price objective on shares of United Rentals from $150.00 to $196.00 and gave the company a neutral rating in a research report on Friday, January 26th. Finally, Barclays started coverage on shares of United Rentals in a research report on Tuesday, December 12th. They set an underweight rating and a $150.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. United Rentals presently has a consensus rating of Buy and an average price target of $180.18.
United Rentals (NYSE URI) opened at $176.60 on Friday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.02 and a current ratio of 1.06. United Rentals has a 1 year low of $100.62 and a 1 year high of $189.00. The firm has a market cap of $14,909.99, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.62 and a beta of 2.53.
In related news, Director Singleton B. Mcallister sold 2,200 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $163.67, for a total value of $360,074.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Kneeland sold 25,421 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $162.76, for a total transaction of $4,137,521.96. Following the completion of the sale, the insider now directly owns 245,286 shares of the company’s stock, valued at $39,922,749.36. The disclosure for this sale can be found here. Insiders have sold 75,205 shares of company stock valued at $13,235,993 over the last three months. Insiders own 1.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC purchased a new stake in United Rentals in the third quarter worth about $119,000. First Dallas Securities Inc. purchased a new stake in United Rentals in the fourth quarter worth about $129,000. Cypress Capital Management LLC WY lifted its stake in United Rentals by 73.0% in the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock worth $132,000 after acquiring an additional 325 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in United Rentals by 63.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock worth $166,000 after acquiring an additional 374 shares during the period. Finally, First Manhattan Co. lifted its stake in United Rentals by 42.9% in the third quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock worth $196,000 after acquiring an additional 425 shares during the period. 89.45% of the stock is owned by institutional investors.
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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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