United Rentals, Inc. (NYSE:URI)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $120.85, but opened at $120.07. United Rentals shares last traded at $124.97, with a volume of 1925726 shares changing hands.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. ValuEngine cut shares of United Rentals from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Bank of America set a $175.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research note on Thursday, October 18th. Citigroup dropped their price objective on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 19th. Finally, Royal Bank of Canada dropped their price objective on shares of United Rentals to $188.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $169.92.
The stock has a market capitalization of $9.74 billion, a PE ratio of 8.11, a PEG ratio of 0.42 and a beta of 2.61. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 2.75.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.18. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $3.25 EPS. Equities research analysts expect that United Rentals, Inc. will post 16.17 earnings per share for the current year.
In related news, Director Jose B. Alvarez acquired 544 shares of the stock in a transaction on Friday, October 26th. The stock was purchased at an average price of $107.45 per share, for a total transaction of $58,452.80. Following the transaction, the director now owns 2,413 shares of the company’s stock, valued at approximately $259,276.85. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the sale, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its position in United Rentals by 93.0% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,245 shares of the construction company’s stock valued at $184,000 after acquiring an additional 600 shares in the last quarter. Cerebellum GP LLC acquired a new stake in United Rentals in the 3rd quarter valued at about $187,000. Jag Capital Management LLC acquired a new stake in United Rentals in the 3rd quarter valued at about $203,000. Wagner Bowman Management Corp acquired a new stake in United Rentals in the 2nd quarter valued at about $206,000. Finally, Welch & Forbes LLC acquired a new stake in United Rentals in the 3rd quarter valued at about $215,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.
United Rentals Company Profile (NYSE:URI)
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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