United Rentals (NYSE:URI)‘s stock had its “buy” rating restated by investment analysts at Royal Bank of Canada in a research note issued on Thursday. They presently have a $194.00 target price on the construction company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 7.25% from the stock’s previous close.
Several other research firms have also weighed in on URI. Jefferies Group lifted their price objective on United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Bank of America set a $165.00 price objective on United Rentals and gave the stock a “buy” rating in a research report on Thursday, October 19th. UBS Group set a $150.00 price objective on United Rentals and gave the stock a “hold” rating in a research report on Thursday, October 19th. Buckingham Research started coverage on United Rentals in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price objective for the company. Finally, Deutsche Bank reissued a “hold” rating and issued a $157.00 price objective (up from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus target price of $159.68.
United Rentals (URI) traded up $0.90 during mid-day trading on Thursday, hitting $180.89. The stock had a trading volume of 882,600 shares, compared to its average volume of 954,295. United Rentals has a 1 year low of $100.62 and a 1 year high of $182.86. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market cap of $15,222.58, a price-to-earnings ratio of 25.62, a PEG ratio of 0.76 and a beta of 2.67.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company posted $2.58 EPS. The business’s quarterly revenue was up 17.1% on a year-over-year basis. equities analysts forecast that United Rentals will post 10.53 earnings per share for the current year.
United Rentals announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Filippo Passerini sold 3,308 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $143.24, for a total value of $473,837.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $144.72, for a total value of $4,341,600.00. Following the transaction, the insider now owns 272,292 shares of the company’s stock, valued at approximately $39,406,098.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,760 shares of company stock valued at $13,873,111. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. boosted its stake in United Rentals by 27.3% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,220 shares of the construction company’s stock valued at $382,000 after purchasing an additional 476 shares during the last quarter. DnB Asset Management AS boosted its stake in United Rentals by 12.4% during the 4th quarter. DnB Asset Management AS now owns 11,800 shares of the construction company’s stock valued at $2,029,000 after purchasing an additional 1,300 shares during the last quarter. Fulton Bank N.A. boosted its stake in United Rentals by 8.2% during the 4th quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock valued at $2,105,000 after purchasing an additional 932 shares during the last quarter. Prudential Financial Inc. boosted its stake in United Rentals by 3.1% during the 3rd quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock valued at $61,065,000 after purchasing an additional 13,254 shares during the last quarter. Finally, Hellman Jordan Management Co. Inc. MA acquired a new position in United Rentals during the 3rd quarter valued at about $766,000. Institutional investors and hedge funds own 91.37% of the company’s stock.
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United Rentals Company Profile
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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