UBS Group lowered shares of United Rentals (NYSE:URI) from a buy rating to a neutral rating in a report published on Tuesday, BenzingaRatingsTable reports. The firm currently has $118.00 price objective on the construction company’s stock, down from their previous price objective of $166.00.
Other research analysts have also issued research reports about the company. Macquarie set a $99.00 price objective on United Rentals and gave the company a sell rating in a research report on Friday, July 19th. Zacks Investment Research upgraded United Rentals from a hold rating to a buy rating and set a $137.00 price objective for the company in a research report on Friday, June 21st. ValuEngine upgraded United Rentals from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Citigroup restated a buy rating and set a $160.00 price objective on shares of United Rentals in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada set a $164.00 price objective on United Rentals and gave the company a buy rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. United Rentals has an average rating of Hold and an average price target of $141.18.
Shares of United Rentals stock opened at $118.40 on Tuesday. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.47 and a beta of 2.66. The business has a 50-day moving average price of $118.42 and a 200-day moving average price of $123.18. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 3.08. United Rentals has a twelve month low of $94.28 and a twelve month high of $144.81.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.48 by $0.26. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 earnings per share. On average, equities analysts expect that United Rentals will post 19.24 EPS for the current fiscal year.
In related news, Director Filippo Passerini purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of $110.37 per share, for a total transaction of $220,740.00. Following the completion of the transaction, the director now owns 8,783 shares in the company, valued at approximately $969,379.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald C. Roof purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was bought at an average price of $118.27 per share, with a total value of $591,350.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,238 shares of company stock valued at $842,073. 1.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in URI. Cumberland Advisors Inc. grew its holdings in United Rentals by 0.8% in the third quarter. Cumberland Advisors Inc. now owns 13,055 shares of the construction company’s stock valued at $1,627,000 after purchasing an additional 100 shares during the period. Burns J W & Co. Inc. NY grew its holdings in United Rentals by 0.9% in the third quarter. Burns J W & Co. Inc. NY now owns 11,449 shares of the construction company’s stock valued at $1,427,000 after purchasing an additional 99 shares during the period. Pacer Advisors Inc. grew its holdings in United Rentals by 8.3% in the third quarter. Pacer Advisors Inc. now owns 8,796 shares of the construction company’s stock valued at $1,096,000 after purchasing an additional 673 shares during the period. American National Bank grew its holdings in United Rentals by 61.7% in the third quarter. American National Bank now owns 51,470 shares of the construction company’s stock valued at $6,415,000 after purchasing an additional 19,637 shares during the period. Finally, Cerebellum GP LLC grew its holdings in United Rentals by 32.8% in the third quarter. Cerebellum GP LLC now owns 3,589 shares of the construction company’s stock valued at $447,000 after purchasing an additional 886 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.
United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. 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 lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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