Stifel Nicolaus upgraded shares of United Rentals, Inc. (NYSE:URI) from a hold rating to a buy rating in a research note released on Friday morning, Marketbeat.com reports. Stifel Nicolaus currently has $133.00 price target on the construction company’s stock.

A number of other equities analysts have also weighed in on URI. Jefferies Group LLC reiterated a buy rating and set a $150.00 target price on shares of United Rentals in a research note on Thursday, April 20th. Piper Jaffray Companies reiterated an overweight rating and set a $144.00 target price (down previously from $156.00) on shares of United Rentals in a research note on Saturday, April 22nd. UBS AG reiterated a neutral rating and set a $121.00 target price on shares of United Rentals in a research note on Sunday, April 23rd. Deutsche Bank AG reiterated a hold rating and set a $120.00 target price (down previously from $131.00) on shares of United Rentals in a research note on Sunday, April 23rd. Finally, Vetr upgraded United Rentals from a buy rating to a strong-buy rating and set a $125.52 target price on the stock in a research note on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Rentals presently has an average rating of Buy and an average price target of $124.91.

Shares of United Rentals (NYSE URI) opened at 108.40 on Friday. The stock has a market capitalization of $9.16 billion, a P/E ratio of 15.75 and a beta of 2.43. United Rentals has a 1-year low of $70.58 and a 1-year high of $134.28. The stock’s 50 day moving average price is $115.69 and its 200-day moving average price is $116.69.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. Equities research analysts anticipate that United Rentals will post $9.91 EPS for the current fiscal year.

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In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the sale, the insider now owns 302,292 shares of the company’s stock, valued at approximately $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.

Several large investors have recently modified their holdings of the stock. Whittier Trust Co. increased its stake in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares in the last quarter. First Manhattan Co. increased its stake in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of United Rentals during the first quarter worth $127,000. Americafirst Capital Management LLC acquired a new stake in shares of United Rentals during the second quarter worth $151,000. Finally, Huntington National Bank increased its stake in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

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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