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.

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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.

Analyst Recommendations for United Rentals (NYSE:URI)

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