United Rentals Inc. (NYSE:URI) released its quarterly earnings results on Wednesday. The company reported $2.58 EPS for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.14. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The business earned $1.51 billion during the quarter, compared to analysts’ expectations of $841 million. During the same quarter in the previous year, the company earned $2.57 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year.

United Rentals (NYSE:URI) traded down 1.13% during mid-day trading on Wednesday, hitting $75.58. 2,799,590 shares of the stock were exchanged. United Rentals has a 52-week low of $41.90 and a 52-week high of $84.63. The stock has a 50 day moving average of $78.75 and a 200-day moving average of $71.74. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 11.40 and a beta of 2.61.

Earnings History for United Rentals (NYSE:URI)

A number of equities analysts have commented on URI shares. Deutsche Bank AG started coverage on shares of United Rentals in a research note on Tuesday, September 6th. They issued a “hold” rating and a $79.00 price target for the company. Argus started coverage on shares of United Rentals in a research note on Tuesday, October 4th. They issued a “buy” rating and a $90.00 price target for the company. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research note on Tuesday, August 30th. Morgan Stanley reissued a “buy” rating on shares of United Rentals in a research note on Tuesday, June 28th. Finally, Macquarie started coverage on shares of United Rentals in a research note on Thursday, August 25th. They issued an “underperform” rating and a $92.00 price target for the company. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.79.

In related news, Director Brian Mcauley sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $81.09, for a total value of $324,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Kneeland sold 20,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $76.35, for a total transaction of $1,527,000.00. Following the completion of the transaction, the insider now directly owns 387,169 shares of the company’s stock, valued at $29,560,353.15. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in United Rentals by 163.4% in the second quarter. American Century Companies Inc. now owns 459,529 shares of the company’s stock worth $30,834,000 after buying an additional 285,051 shares during the period. BlackRock Inc. raised its position in United Rentals by 5.3% in the second quarter. BlackRock Inc. now owns 186,484 shares of the company’s stock valued at $12,513,000 after buying an additional 9,373 shares during the last quarter. BlackRock Fund Advisors raised its position in United Rentals by 3.4% in the second quarter. BlackRock Fund Advisors now owns 1,457,533 shares of the company’s stock valued at $97,800,000 after buying an additional 48,212 shares during the last quarter. US Bancorp DE raised its position in United Rentals by 74.1% in the second quarter. US Bancorp DE now owns 8,050 shares of the company’s stock valued at $540,000 after buying an additional 3,425 shares during the last quarter. Finally, Columbia Partners L L C Investment Management purchased a new position in United Rentals during the second quarter valued at approximately $1,307,000. 91.02% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:URI

Receive News & Stock Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related stocks with our FREE daily email newsletter.