Shares of United Rentals, Inc. (NYSE:URI – Get Rating) received an average recommendation of “Hold” by the thirteen research firms that cover the company, reports Marketbeat Ratings. Two investment analysts have assigned the stock a sell rating, three have issued a hold rating and four have assigned the company a buy rating. The 12-month average price target among brokerages that have reported on the stock over the past year is $384.42.
A number of analysts have recently released reports on URI shares. Deutsche Bank Aktiengesellschaft cut its price target on United Rentals shares from $421.00 to $396.00 in a Friday, April 29 report. UBS Group cut its price target on United Rentals shares to $400.00 and set an “na” rating for the company in a Tuesday, May 17 report. Wells Fargo & Company launched a hedge on United Rentals shares in a Friday, March 11 report. They set an “overweight” rating and a price target of $425.00 for the company. StockNews.com downgraded United Rentals shares from a “buy” rating to a “hold” rating in a report released Thursday. Finally, Zacks Investment Research downgraded United Rentals shares from a “hold” rating to a “sell” rating and set a target price of $383.00 for the company. in a report from Wednesday, March 30.
URI stock opened at $298.40 on Friday. The company has a market capitalization of $21.37 billion, a price/earnings ratio of 14.00, a PEG ratio of 0.61 and a beta of 1.81. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt ratio of 1.40. United Rentals has a 12 month minimum of $262.76 and a 12 month maximum of $414.99. The company has a 50-day moving average of $307.25 and a two-hundred-day moving average of $323.14.
United Rentals (NYSE:URI – Get Rating) last reported quarterly results on Wednesday, April 27. The construction company reported earnings per share (EPS) of $5.73 for the quarter, beating analysts’ consensus estimate of $5.28 by $0.45. The company posted revenue of $2.52 billion in the quarter, versus a consensus estimate of $2.44 billion. United Rentals posted a net margin of 15.22% and a return on equity of 31.29%. The company’s revenues increased by 22.7% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $3.45. As a group, stock analysts expect United Rentals to post earnings per share of 29.64 for the current year.
In other United Rentals news, COO Dale A. Asplund sold 6,575 shares of the company in a trade dated Friday, April 29. The shares were sold at an average price of $318.58, for a total transaction of $2,094,663.50. As a result of the transaction, the chief operating officer now owns 26,666 shares of the company, valued at approximately $8,495,254.28. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, Executive Vice President Craig Adam Pintoff sold 1,652 United Rentals shares in a trade that took place on Monday, March 14. The stock was sold at an average price of $323.41, for a total transaction of $534,273.32. The disclosure of this sale can be found here. Company insiders hold 0.53% of the company’s shares.
Hedge funds have recently been buying and selling stocks. Vanguard Group Inc. increased its stake in United Rentals by 2.3% in the first quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company valued at $2,905,379,000 after acquiring an additional 186,931 shares in the last quarter. BlackRock Inc. increased its stake in United Rentals by 1.1% in the first quarter. BlackRock Inc. now owns 5,450,665 shares of the construction company valued at $1,936,131,000 after acquiring 59,109 additional shares in the last quarter. Capital Research Global Investors increased its stake in United Rentals by 55.7% in the first quarter. Capital Research Global Investors now owns 2,693,664 shares of the construction company valued at $956,818,000 after acquiring 964,105 additional shares in the last quarter. Lyrical Asset Management LP increased its stake in United Rentals by 0.7% in the first quarter. Lyrical Asset Management LP now owns 1,226,642 shares of the construction company valued at $435,716,000 after acquiring 8,847 additional shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in United Rentals by 3.2% in the fourth quarter. Nordea Investment Management AB now owns 1,105,138 shares of the construction company valued at $361,281,000 after acquiring 34,211 additional shares in the last quarter. Institutional investors and hedge funds own 89.70% of the company’s shares.
About United Rentals (Get a rating)
United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment including pressure washers, water pumps and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.
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