Today, United Rentals Inc. (URI) Stock Rating Reaffirm by Axiom Securities

Today, United Rentals Inc. (URI) Stock Rating Reaffirm by Axiom Securities
Axiom Securities reissued their sell rating on shares of United Rentals Inc. (NYSE:URI) in a report published on Saturday morning.

A number of other equities research analysts also recently commented on URI. Deutsche Bank AG began coverage on shares of United Rentals in a research report on Tuesday, September 6th. They issued a hold rating and a $79.00 price objective for the company. Zacks Investment Research downgraded shares of United Rentals from a buy rating to a hold rating in a research report on Thursday, September 22nd. Barclays PLC raised their price objective on shares of United Rentals from $81.00 to $94.00 and gave the company an overweight rating in a research report on Wednesday, October 12th. Argus began coverage on shares of United Rentals in a research report on Tuesday, October 4th. They issued 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 investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. United Rentals has a consensus rating of Hold and an average target price of $79.64.

Shares of United Rentals (NYSE:URI) opened at 98.12 on Friday. The stock has a 50 day moving average price of $82.15 and a 200-day moving average price of $75.71. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 15.14 and a beta of 2.41. United Rentals has a 52-week low of $41.90 and a 52-week high of $98.12.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share for the quarter, topping the 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 quarter in the prior year, the firm earned $2.57 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that United Rentals will post $8.29 EPS for the current fiscal year.

In related news, Director Lawrence Keith Wimbush sold 800 shares of United Rentals stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $76.35, for a total transaction of $61,080.00. Following the transaction, the director now owns 5,820 shares in the company, valued at approximately $444,357. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Mcauley sold 8,000 shares of United Rentals stock in a transaction on Wednesday, November 9th. The shares were 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.

Several institutional investors have recently bought and sold shares of URI. The Manufacturers Life Insurance Company acquired a new position in United Rentals during the third quarter valued at $150,256,000. Bank of Montreal Can acquired a new position in United Rentals during the second quarter valued at $121,012,000. Calamos Advisors LLC acquired a new position in United Rentals during the second quarter valued at $36,853,000. APG Asset Management N.V. raised its position in United Rentals by 238.7% in the third quarter. APG Asset Management N.V. now owns 629,748 shares of the company’s stock valued at $49,429,000 after buying an additional 443,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in United Rentals by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,131,681 shares of the company’s stock valued at $143,022,000 after buying an additional 427,970 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

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