United Rentals, Inc. (NYSE:URI) had its price target boosted by analysts at Stifel Nicolaus from $133.00 to $158.00 in a report released on Wednesday, October 18th, MarketBeat reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 8.26% from the stock’s previous close.
URI has been the subject of a number of other research reports. BidaskClub lowered shares of United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Bank of America Corporation reiterated a “buy” rating and set a $145.00 price objective (up previously from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada raised shares of United Rentals from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $128.00 to $138.00 in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus target price of $144.97.
Shares of United Rentals (NYSE URI) traded up 3.33% during midday trading on Wednesday, hitting $145.94. The company had a trading volume of 1,365,757 shares. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 21.20 and a beta of 2.46. The company’s 50-day moving average price is $137.49 and its 200 day moving average price is $119.10. United Rentals has a 12-month low of $70.58 and a 12-month high of $147.60.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business earned $2.58 EPS. The business’s revenue was up 17.1% on a year-over-year basis. Equities research analysts predict that United Rentals will post $10.27 earnings per share for the current fiscal year.
United Rentals announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 18th that allows the company to buyback $373.00 million in shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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In related news, CFO William B. Plummer sold 5,301 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the transaction, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Filippo Passerini sold 3,308 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total transaction of $473,837.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,609 shares of company stock valued at $5,495,344. Company insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aviva PLC increased its holdings in United Rentals by 4.5% in the 2nd quarter. Aviva PLC now owns 49,326 shares of the construction company’s stock worth $5,560,000 after acquiring an additional 2,140 shares in the last quarter. Atwood & Palmer Inc. purchased a new stake in United Rentals in the 2nd quarter worth $6,195,000. American Century Companies Inc. increased its holdings in United Rentals by 111.5% in the 2nd quarter. American Century Companies Inc. now owns 630,058 shares of the construction company’s stock worth $71,014,000 after acquiring an additional 332,211 shares in the last quarter. 1060 Capital LLC purchased a new stake in United Rentals in the 2nd quarter worth $29,797,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in United Rentals by 4.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock worth $48,832,000 after acquiring an additional 16,701 shares in the last quarter. Hedge funds and other institutional investors own 93.58% 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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