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.
About United Rentals