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.

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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.

Analyst Recommendations for United Rentals (NYSE:URI)

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