United Rentals, Inc. (NYSE:URI) – Analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for shares of United Rentals in a research report issued on Tuesday, according to Zacks Investment Research. KeyCorp analyst J. Box now anticipates that the construction company will post earnings per share of $10.66 for the year, up from their prior estimate of $10.62. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for United Rentals’ Q4 2017 earnings at $3.42 EPS.
Several other brokerages have also recently issued reports on URI. UBS Group increased their target price on United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Buckingham Research increased their target price on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Bank of America increased their target price on United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Stifel Nicolaus increased their target price on United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada raised their price objective on United Rentals from $194.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $179.12.
Shares of United Rentals (NYSE URI) traded down $6.35 during midday trading on Thursday, reaching $173.30. The company’s stock had a trading volume of 1,491,263 shares, compared to its average volume of 1,334,327. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. The company has a market cap of $14,631.37, a PE ratio of 11.03, a PEG ratio of 0.61 and a beta of 2.60. United Rentals has a 1-year low of $100.62 and a 1-year high of $189.00.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.25 by $0.09. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 EPS.
United Rentals declared that its Board of Directors has initiated a share buyback program on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, COO Matthew John Flannery sold 22,324 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total value of $3,291,450.56. Following the completion of the transaction, the chief operating officer now owns 31,243 shares in the company, valued at approximately $4,606,467.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $182.75, for a total value of $5,482,500.00. The disclosure for this sale can be found here. Insiders sold a total of 101,536 shares of company stock valued at $17,148,295 in the last three months. Insiders own 1.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of URI. State Street Corp raised its stake in United Rentals by 15.0% in the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after acquiring an additional 763,469 shares during the last quarter. Janus Henderson Group PLC raised its stake in United Rentals by 4,154.0% in the 2nd quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock worth $62,273,000 after acquiring an additional 539,522 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in United Rentals by 282.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 570,236 shares of the construction company’s stock worth $64,272,000 after acquiring an additional 421,101 shares during the last quarter. AJO LP raised its stake in United Rentals by 538.2% in the 2nd quarter. AJO LP now owns 488,758 shares of the construction company’s stock worth $55,088,000 after acquiring an additional 412,176 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in United Rentals by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 9,531,812 shares of the construction company’s stock worth $1,074,330,000 after acquiring an additional 378,365 shares during the last quarter. Institutional investors own 91.19% of the company’s stock.
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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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