United Rentals’ (URI) “Buy” Rating Reaffirmed at Argus

United Rentals (NYSE:URI)‘s stock had its “buy” rating restated by equities researchers at Argus in a note issued to investors on Tuesday,Benzinga reports. They presently have a $1,250.00 price objective on the construction company’s stock. Argus’ price objective suggests a potential upside of 9.93% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their price target on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Citigroup upped their price objective on United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. KeyCorp reaffirmed an “overweight” rating and set a $1,350.00 price objective on shares of United Rentals in a research note on Friday, July 24th. Finally, Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Stock Performance

NYSE URI traded up $21.12 on Tuesday, hitting $1,137.04. 45,454 shares of the company’s stock traded hands, compared to its average volume of 593,072. The firm’s 50-day moving average price is $1,071.39 and its two-hundred day moving average price is $926.51. The firm has a market capitalization of $70.77 billion, a PE ratio of 27.30, a P/E/G ratio of 1.40 and a beta of 1.80. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. United Rentals has a 1-year low of $701.59 and a 1-year high of $1,177.67.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.47 earnings per share. As a group, analysts expect that United Rentals will post 48.35 EPS for the current year.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On United Rentals

Several institutional investors and hedge funds have recently added to or reduced their stakes in URI. BIP Wealth LLC purchased a new position in United Rentals during the second quarter valued at $315,000. Phillips Financial Management LLC purchased a new position in United Rentals in the 2nd quarter valued at about $216,000. Pecaut & CO. acquired a new stake in United Rentals in the 2nd quarter worth about $1,590,000. Oppenheimer Asset Management Inc. purchased a new stake in United Rentals during the 2nd quarter worth approximately $202,000. Finally, Cardinal Capital Management Inc. raised its holdings in shares of United Rentals by 11.6% during the second quarter. Cardinal Capital Management Inc. now owns 49,644 shares of the construction company’s stock valued at $56,241,000 after acquiring an additional 5,142 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.