United Rentals, Inc. (NYSE: URI) saw significant growth in short-term interest in October. As of October 29, there was short interest totaling 2,040,000 shares, an increase of 17.2% from the total of 1,740,000 shares as of October 14. Currently 2.8% of stocks are sold short. Based on an average trading volume of 579,100 shares, the day-to-coverage ratio is currently 3.5 days.
URI Stock open for $ 375.26 Monday. The company has a market cap of $ 27.17 billion, a PE ratio of 22.69, a price / earnings-growth ratio of 1.06, and a beta of 1.95. United Rentals has a one-year minimum of $ 217.39 and a one-year maximum of $ 414.99. The company’s 50-day mobile average price is $ 361.39, and its two-hundred-day mobile average price is $ 339.83. The company has a debt to equity ratio of 1.68, a quick ratio of 0.74, and a current ratio of 0.80.
United Rentals (NYSE: URI) last released its quarterly results on Wednesday, October 27. The construction company reported EPS of $ 6.58 for the quarter, missing the consensus estimate of $ 6.80 of ($ 0.22). United Rentals recorded a return on equity of 28.88% and a net margin of 13.04%. The company posted revenue of $ 2.60 billion for the quarter, compared to analysts’ expectations of $ 2.58 billion. During the same period last year, the company posted earnings of $ 5.40 per share. The company’s revenue increased by 18.7% compared to the same quarter last year. On average, research analysts predict United Rentals will post 21.96 EPS for the current year.
A number of stock analysts have recently commented on stocks URIs. KeyCorp raised its price target on United Rentals shares from $ 405.00 to $ 455.00 and assigned the company an “overweight” rating in a research report released on Friday, October 29. Morgan Stanley raised its price target on United Rentals shares from $ 275.00 to $ 297.00 and assigned the company an “underweight” rating in a research note on Monday, November 1. Finally, Citigroup raised its price target on United Rentals shares from $ 400.00 to $ 445.00 and gave the company a “buy” rating in a research note on Tuesday, November 16. Two research analysts rated the stock with a sell rating, four issued a conservation rating, and nine issued a buy rating for the company’s stock. According to MarketBeat, United Rentals has an average “Hold” rating and an average target price of $ 352.30.
Meanwhile, director Jose B. Alvarez sold 925 shares of the company in a transaction that took place on Friday, October 29. The shares were sold for an average price of $ 375.80, for a total value of $ 347,615.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the shares are currently held by company insiders.
Several hedge funds and other institutional investors recently changed their holdings to URIs. Healthcare of Ontario Pension Plan Trust Fund increased its stake in United Rentals shares by 73.3% in the second quarter. The Healthcare of Ontario Pension Trust Fund now holds 78 shares of the construction company valued at $ 25,000 after purchasing 33 additional shares during the period. WASHINGTON TRUST Co increased its stake in United Rentals shares by 153.3% in the second quarter. WASHINGTON TRUST Co now owns 114 shares of the construction company valued at $ 36,000 after purchasing 69 additional shares during the period. KB Financial Partners LLC purchased a new position in United Rentals shares in the first quarter valued at $ 43,000. Global Retirement Partners LLC increased its stake in United Rentals shares by 33.0% in the third quarter. Global Retirement Partners LLC now owns 125 shares of the construction company valued at $ 44,000 after purchasing 31 additional shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in United Rentals shares by 105.9% in the third quarter. Parkside Financial Bank & Trust now owns 140 shares of the building company valued at $ 49,000 after purchasing 72 additional shares during the period. 88.71% of the shares are currently held by institutional investors.
About United Rentals
United Rentals, Inc is engaged in the equipment rental industry. It offers rentals to construction and industrial companies, manufacturers, utilities, municipalities, landlords and government entities. The company operates through two business segments: General Rentals; and trench, feed and fluid solutions. The General Rental segment is engaged in the rental of construction, aircraft and industrial equipment, general tools and light equipment, as well as related services and activities.
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