United Rentals, Inc. (URI) Stock Rating Reaffirmed by Deutsche Bank AG
United Rentals, Inc. (NYSE:URI)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank AG in a research report issued on Tuesday. They presently have a $157.00 price objective on the construction company’s stock, up from their prior price objective of $130.00. Deutsche Bank AG’s price target indicates a potential upside of 11.55% from the company’s current price.
URI has been the topic of several other reports. UBS AG reaffirmed a “neutral” rating and issued a $125.00 price target on shares of United Rentals in a report on Sunday, August 20th. ValuEngine raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of United Rentals in a report on Tuesday, September 5th. Royal Bank Of Canada raised shares of United Rentals from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $128.00 to $138.00 in a report on Monday, July 17th. Finally, Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $132.17.
Shares of United Rentals (NYSE:URI) opened at 140.75 on Tuesday. United Rentals has a 52 week low of $70.58 and a 52 week high of $142.71. The company’s 50-day moving average is $124.12 and its 200 day moving average is $116.59. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 20.45 and a beta of 2.46.
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, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. Analysts anticipate that United Rentals will post $9.94 EPS for the current fiscal year.
In related news, insider Michael Kneeland sold 30,000 shares of the stock in a transaction dated Friday, July 21st. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO William B. Plummer sold 5,301 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in URI. Aviva PLC grew its position in United Rentals by 4.5% in the 2nd quarter. Aviva PLC now owns 49,326 shares of the construction company’s stock valued at $5,560,000 after buying an additional 2,140 shares in the last quarter. Atwood & Palmer Inc. bought a new position in United Rentals in the 2nd quarter valued at about $6,195,000. American Century Companies Inc. grew its position in United Rentals by 111.5% in the 2nd quarter. American Century Companies Inc. now owns 630,058 shares of the construction company’s stock valued at $71,014,000 after buying an additional 332,211 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in United Rentals by 4.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock valued at $48,832,000 after buying an additional 16,701 shares in the last quarter. Finally, 1060 Capital LLC bought a new position in United Rentals in the 2nd quarter valued at about $29,797,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.
About United Rentals
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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