Q3 2016 EPS Estimates for United Rentals Inc. (URI) Raised by Analyst
United Rentals Inc. (NYSE:URI) – Research analysts at Northcoast Research raised their Q3 2016 earnings per share (EPS) estimates for United Rentals in a research report issued on Monday. Northcoast Research analyst J. Healy now anticipates that the firm will earn $2.62 per share for the quarter, up from their prior forecast of $2.60. Northcoast Research also issued estimates for United Rentals’ Q4 2016 earnings at $2.46 EPS, FY2016 earnings at $8.50 EPS and FY2017 earnings at $8.85 EPS.
URI has been the subject of several other reports. RBC Capital Markets reissued a “hold” rating and issued a $80.00 price objective (up from $68.00) on shares of United Rentals in a research report on Friday, July 22nd. Bank of America Corp. raised United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 target price for the company in a research report on Thursday, August 18th. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research report on Wednesday, July 27th. Macquarie started coverage on United Rentals in a research report on Thursday, August 25th. They issued an “underperform” rating and a $92.00 target price for the company. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of United Rentals in a research report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.06.
United Rentals (NYSE:URI) traded down 2.50% on Tuesday, reaching $79.25. The company’s stock had a trading volume of 480,653 shares. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 11.95 and a beta of 2.61. The firm’s 50-day moving average price is $79.44 and its 200-day moving average price is $71.14. United Rentals has a 52-week low of $41.90 and a 52-week high of $84.63.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.24. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The firm earned $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. The company’s revenue was down .6% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of the stock. Bremer Trust National Association increased its stake in United Rentals by 205.8% in the third quarter. Bremer Trust National Association now owns 15,607 shares of the company’s stock valued at $1,225,000 after buying an additional 10,504 shares in the last quarter. New England Research & Management Inc. increased its stake in United Rentals by 78.9% in the third quarter. New England Research & Management Inc. now owns 21,600 shares of the company’s stock valued at $1,695,000 after buying an additional 9,525 shares in the last quarter. Burns J W & Co. Inc. NY increased its stake in United Rentals by 11.0% in the third quarter. Burns J W & Co. Inc. NY now owns 10,100 shares of the company’s stock valued at $793,000 after buying an additional 1,000 shares in the last quarter. First American Trust FSB bought a new stake in United Rentals during the third quarter valued at about $1,884,000. Finally, BNP Paribas Arbitrage SA increased its stake in United Rentals by 14.2% in the third quarter. BNP Paribas Arbitrage SA now owns 28,518 shares of the company’s stock valued at $2,238,000 after buying an additional 3,536 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
In related news, insider Michael Kneeland sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $76.35, for a total value of $1,527,000.00. Following the transaction, the insider now owns 387,169 shares in the company, valued at $29,560,353.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jessica Graziano sold 877 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $76.34, for a total value of $66,950.18. Following the completion of the transaction, the vice president now owns 7,127 shares in the company, valued at approximately $544,075.18. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
United Rentals Company Profile
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes 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, general tools and light equipment, such as pressure washers, water pumps and power tools.
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