United Rentals, Inc. (URI) Receives “Buy” Rating from Jefferies Group LLC
United Rentals, Inc. (NYSE:URI)‘s stock had its “buy” rating restated by analysts at Jefferies Group LLC in a research note issued to investors on Friday.
Several other equities analysts have also recently issued reports on URI. UBS AG reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of United Rentals in a research report on Sunday, April 23rd. BidaskClub cut United Rentals from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Stifel Nicolaus raised United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Friday. Axiom Securities reissued a “sell” rating on shares of United Rentals in a report on Thursday, July 13th. Finally, Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $124.68.
Shares of United Rentals (NYSE:URI) traded up 0.03% during mid-day trading on Friday, reaching $111.85. The company had a trading volume of 308,280 shares. United Rentals has a one year low of $70.58 and a one year high of $134.28. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 16.25 and a beta of 2.43. The company has a 50 day moving average price of $115.76 and a 200 day moving average price of $117.11.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 EPS. On average, analysts anticipate that United Rentals will post $9.91 EPS for the current year.
In other news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the transaction, the insider now owns 302,292 shares in the company, valued at $36,507,804.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Airain ltd raised its position in United Rentals by 434.8% in the first quarter. Airain ltd now owns 47,279 shares of the construction company’s stock valued at $5,912,000 after buying an additional 38,438 shares in the last quarter. Fisher Asset Management LLC bought a new position in United Rentals during the first quarter valued at approximately $234,000. Korea Investment CORP raised its position in United Rentals by 117.6% in the first quarter. Korea Investment CORP now owns 236,731 shares of the construction company’s stock valued at $29,603,000 after buying an additional 127,929 shares in the last quarter. UMB Bank N A MO bought a new position in United Rentals during the first quarter valued at approximately $635,000. Finally, Nationwide Fund Advisors raised its position in United Rentals by 2.6% in the first quarter. Nationwide Fund Advisors now owns 390,605 shares of the construction company’s stock valued at $48,845,000 after buying an additional 9,857 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.
United Rentals Company Profile
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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