Investors Buy United Rentals (URI) on Weakness

Investors bought shares of United Rentals, Inc. (NYSE:URI) on weakness during trading on Wednesday. $82.95 million flowed into the stock on the tick-up and $59.30 million flowed out of the stock on the tick-down, for a money net flow of $23.65 million into the stock. Of all equities tracked, United Rentals had the 31st highest net in-flow for the day. United Rentals traded down ($1.03) for the day and closed at $181.11

A number of analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of United Rentals from $150.00 to $196.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Buckingham Research upped their target price on shares of United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Bank of America upped their target price on shares of United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus upped their target price on shares of United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada upped their target price on shares of United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $175.04.

The stock has a market cap of $15,240.00, a price-to-earnings ratio of 11.54, a PEG ratio of 0.65 and a beta of 2.67. 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 (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.25 by $0.09. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 EPS. equities research analysts forecast that United Rentals, Inc. will post 15.05 EPS for the current year.

United Rentals announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other United Rentals news, EVP Dale A. Asplund sold 11,439 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $185.13, for a total value of $2,117,702.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Matthew John Flannery sold 22,324 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the completion of the sale, the chief operating officer now directly owns 31,243 shares in the company, valued at approximately $4,606,467.92. The disclosure for this sale can be found here. Insiders sold a total of 101,536 shares of company stock worth $17,148,295 in the last three months. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Profund Advisors LLC grew its holdings in shares of United Rentals by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after purchasing an additional 24 shares during the last quarter. Stifel Financial Corp grew its holdings in United Rentals by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 14,679 shares of the construction company’s stock worth $1,656,000 after acquiring an additional 64 shares during the last quarter. Kalos Management Inc. grew its holdings in United Rentals by 2.4% during the 2nd quarter. Kalos Management Inc. now owns 4,610 shares of the construction company’s stock worth $519,000 after acquiring an additional 108 shares during the last quarter. Hermes Investment Management Ltd. grew its holdings in United Rentals by 4.9% during the 4th quarter. Hermes Investment Management Ltd. now owns 6,485 shares of the construction company’s stock worth $1,115,000 after acquiring an additional 300 shares during the last quarter. Finally, Cypress Capital Management LLC WY grew its holdings in United Rentals by 73.0% during the 4th 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 last quarter. 91.19% of the stock is currently owned by institutional investors and hedge funds.

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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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