An issue of United Rentals Inc. (NYSE:URI) bonds fell 2.3% against their face value during trading on Tuesday. The debt issue has a 5.5% coupon and is set to mature on May 15, 2027. The bonds in the issue are now trading at $99.25 and were trading at $98.00 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.

Several research firms recently issued reports on URI. Goldman Sachs Group Inc. raised shares of United Rentals from a “sell” rating to a “neutral” rating and increased their price target for the stock from $66.00 to $90.00 in a report on Thursday, November 10th. Axiom Securities reissued a “sell” rating on shares of United Rentals in a report on Tuesday, August 30th. Deutsche Bank AG began coverage on shares of United Rentals in a report on Tuesday, September 6th. They set a “hold” rating and a $79.00 price target for the company. Macquarie began coverage on shares of United Rentals in a report on Thursday, August 25th. They set an “underperform” rating and a $92.00 price target for the company. Finally, Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $79.64.

Shares of United Rentals Inc. (NYSE:URI) traded up 0.21% during trading on Tuesday, hitting $94.06. 1,380,926 shares of the stock were exchanged. United Rentals Inc. has a 12-month low of $41.90 and a 12-month high of $96.60. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 14.51 and a beta of 2.41. The stock’s 50 day moving average is $81.19 and its 200-day moving average is $75.29.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.14. United Rentals had a net margin of 10.10% and a return on equity of 48.98%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $841 million. During the same quarter in the previous year, the business earned $2.57 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that United Rentals Inc. will post $8.29 EPS for the current year.

In related news, insider William B. Plummer sold 24,788 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $86.24, for a total transaction of $2,137,717.12. Following the transaction, the insider now directly owns 36,482 shares of the company’s stock, valued at $3,146,207.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William B. Plummer sold 15,811 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $78.74, for a total transaction of $1,244,958.14. Following the transaction, the chief financial officer now directly owns 73,209 shares in the company, valued at $5,764,476.66. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its position in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock worth $103,000 after buying an additional 730 shares during the last quarter. Assetmark Inc. increased its position in shares of United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock worth $105,000 after buying an additional 272 shares during the last quarter. WFG Advisors LP increased its position in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock worth $116,000 after buying an additional 77 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new position in shares of United Rentals during the second quarter worth approximately $123,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

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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

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