Todays Report: Today, United Rentals Inc. (URI) Receives Sell Rating from Axiom Securities

Today, United Rentals Inc. (URI) Receives Sell Rating from Axiom Securities

United Rentals Inc. (NYSE:URI)‘s stock had its “sell” rating reiterated by equities researchers at Axiom Securities in a note issued to investors on Saturday.

A number of other analysts also recently issued reports on URI. Bank of America Corp. upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a report on Thursday, August 18th. Macquarie initiated coverage on shares of United Rentals in a report on Thursday, August 25th. They set an “underperform” rating and a $92.00 price target for the company. Deutsche Bank AG initiated coverage on shares of United Rentals in a report on Tuesday, September 6th. They set a “hold” rating and a $79.00 price target for the company. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, OTR Global upgraded shares of United Rentals from a “mixed” rating to a “positive” rating in a report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently 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 stock has a market cap of $8.26 billion, a price-to-earnings ratio of 15.14 and a beta of 2.41. United Rentals has a one year low of $41.90 and a one year high of $98.12. The stock’s 50 day moving average price is $82.15 and its 200 day moving average price is $75.71.

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

In other news, insider William B. Plummer sold 24,788 shares of United Rentals stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $86.24, for a total transaction of $2,137,717.12. Following the completion of the sale, the insider now directly owns 36,482 shares of the company’s stock, valued at approximately $3,146,207.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Mcauley sold 8,000 shares of United Rentals stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $86.63, for a total transaction of $693,040.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock worth $103,000 after buying an additional 730 shares during the period. Assetmark Inc. boosted its stake in shares of United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock worth $105,000 after buying an additional 272 shares during the period. WFG Advisors LP boosted its stake in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock worth $116,000 after buying an additional 77 shares during the period. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of United Rentals during the second quarter worth $123,000. 93.01% of the stock is owned by institutional investors and hedge funds.

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