United Rentals, Inc. (NYSE:URI) – Jefferies Group lifted their FY2018 EPS estimates for shares of United Rentals in a research note issued on Monday. Jefferies Group analyst J. Jordan now forecasts that the construction company will post earnings of $12.50 per share for the year, up from their prior estimate of $11.08. Jefferies Group has a “Buy” rating and a $165.00 price objective on the stock. Jefferies Group also issued estimates for United Rentals’ FY2019 earnings at $14.08 EPS.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 earnings per share.
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Several other brokerages also recently commented on URI. Citigroup Inc. increased their price target on United Rentals from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Stifel Nicolaus increased their price target on United Rentals from $133.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, October 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $157.00 price target (up from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. United Rentals currently has a consensus rating of “Buy” and an average price target of $137.37.
United Rentals (NYSE URI) traded up 0.0080% during midday trading on Wednesday, reaching $143.3515. 798,563 shares of the company traded hands. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 20.8239 and a beta of 2.46. United Rentals has a 12-month low of $70.58 and a 12-month high of $145.56. The company has a 50-day moving average price of $131.26 and a 200-day moving average price of $117.62.
In other United Rentals news, CFO William B. Plummer sold 5,301 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $128.26, for a total transaction of $679,906.26. Following the sale, the chief financial officer now owns 38,055 shares in the company, valued at $4,880,934.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fulton Bank N.A. increased its holdings in shares of United Rentals by 20.7% in the third quarter. Fulton Bank N.A. now owns 11,308 shares of the construction company’s stock worth $1,568,000 after buying an additional 1,939 shares during the period. Eqis Capital Management Inc. increased its holdings in shares of United Rentals by 16.6% in the third quarter. Eqis Capital Management Inc. now owns 3,444 shares of the construction company’s stock worth $478,000 after buying an additional 490 shares during the period. Ardsley Advisory Partners purchased a new position in shares of United Rentals in the second quarter worth about $9,017,000. Achmea Investment Management B.V. increased its holdings in shares of United Rentals by 80.5% in the second quarter. Achmea Investment Management B.V. now owns 13,164 shares of the construction company’s stock worth $1,482,000 after buying an additional 5,871 shares during the period. Finally, United Bank VA purchased a new position in shares of United Rentals in the second quarter worth about $2,063,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.
United Rentals Company Profile
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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