Trading Report: Today, United Rentals Inc. (URI) Given “Sell” Rating at Axiom Securities

Today, United Rentals Inc. (URI) Given “Sell” Rating at Axiom Securities

Axiom Securities reissued their sell rating on shares of United Rentals Inc. (NYSE:URI) in a report released on Saturday morning.

Several other equities research analysts also recently issued reports on the stock. Goldman Sachs Group Inc. upgraded shares of United Rentals from a sell rating to a neutral rating and raised their target price for the company from $66.00 to $90.00 in a research note on Thursday, November 10th. Morgan Stanley downgraded shares of United Rentals from an overweight rating to an equal weight rating and cut their target price for the company from $85.00 to $81.00 in a research note on Monday, October 24th. Barclays PLC raised their target price on shares of United Rentals from $81.00 to $94.00 and gave the company an overweight rating in a research note on Wednesday, October 12th. Argus initiated coverage on shares of United Rentals in a research report on Tuesday, October 4th. They set a buy rating and a $90.00 price objective for the company. Finally, OTR Global upgraded shares of United Rentals from a mixed rating to a positive rating in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $79.64.

Shares of United Rentals (NYSE:URI) opened at 98.12 on Friday. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 15.14 and a beta of 2.41. The stock has a 50 day moving average price of $82.15 and a 200 day moving average price of $75.71. United Rentals has a 1-year low of $41.90 and a 1-year high of $98.12.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.14. United Rentals had a net margin of 10.10% and a return on equity of 48.98%. The business earned $1.51 billion during the quarter, compared to the consensus estimate of $841 million. During the same period last year, the business posted $2.57 EPS. United Rentals’s revenue was down 2.7% on a year-over-year basis. Analysts forecast that United Rentals will post $8.29 earnings per share for the current year.

In other United Rentals news, insider Michael Kneeland sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $78.46, for a total value of $1,569,200.00. Following the sale, the insider now owns 367,169 shares in the company, valued at $28,808,079.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William B. Plummer sold 15,811 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $78.74, for a total transaction of $1,244,958.14. Following the completion of the sale, the chief financial officer now owns 73,209 shares in the company, valued at approximately $5,764,476.66. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. James Investment Research Inc. raised its stake in shares of United Rentals by 6,470.0% in the second quarter. James Investment Research Inc. now owns 249,661 shares of the company’s stock worth $16,753,000 after buying an additional 245,861 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of United Rentals by 6.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 8,140 shares of the company’s stock worth $546,000 after buying an additional 470 shares during the period. Arcadia Investment Management Corp MI raised its position in shares of United Rentals by 70.7% in the second quarter. Arcadia Investment Management Corp MI now owns 50,603 shares of the company’s stock worth $3,395,000 after buying an additional 20,952 shares during the period. Nisa Investment Advisors LLC raised its position in shares of United Rentals by 45.2% in the second quarter. Nisa Investment Advisors LLC now owns 32,970 shares of the company’s stock worth $2,212,000 after buying an additional 10,270 shares during the period. Finally, American National Bank raised its position in shares of United Rentals by 16,937.5% in the second quarter. American National Bank now owns 13,630 shares of the company’s stock worth $914,000 after buying an additional 13,550 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

United Rentals Company Profile

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