Today: The United Rentals Inc. Expected to Earn Q3 2016 Earnings of $2.42 Per Share (URI)

The United Rentals Inc. Expected to Earn Q3 2016 Earnings of $2.42 Per Share (URI)

United Rentals Inc. (NYSE:URI) – Research analysts at Avondale Partners issued their Q3 2016 earnings per share (EPS) estimates for shares of United Rentals in a report released on Monday. Avondale Partners analyst L. Pfeffer forecasts that the brokerage will post earnings per share of $2.42 for the quarter.

URI has been the subject of a number of other research reports. Barclays PLC boosted their target price on United Rentals from $81.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday. RBC Capital Markets restated a “hold” rating and issued a $80.00 target price (up previously from $68.00) on shares of United Rentals in a research report on Friday, July 22nd. Bank of America Corp. upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 target price for the company in a research report on Thursday, August 18th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research report on Wednesday, July 27th. Finally, Macquarie assumed coverage on United Rentals in a research report on Thursday, August 25th. They issued an “underperform” rating and a $92.00 target price for the company. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.74.

United Rentals (NYSE:URI) opened at 78.21 on Wednesday. The company has a market capitalization of $6.74 billion, a PE ratio of 11.79 and a beta of 2.61. The company has a 50 day moving average price of $79.29 and a 200-day moving average price of $71.31. United Rentals has a one year low of $41.90 and a one year high of $84.63.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.24. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned $1.95 EPS. United Rentals’s quarterly revenue was down .6% compared to the same quarter last year.

In other United Rentals news, VP Jessica Graziano sold 877 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $76.34, for a total value of $66,950.18. Following the sale, the vice president now directly owns 7,127 shares of the company’s stock, valued at $544,075.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William B. Plummer sold 15,811 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $78.74, for a total value of $1,244,958.14. Following the completion of the sale, the chief financial officer now directly owns 73,209 shares in the company, valued at $5,764,476.66. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its position in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position 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 last quarter. WFG Advisors LP increased its position 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 last quarter. Tower Research Capital LLC TRC increased its position in shares of United Rentals by 62.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company’s stock worth $129,000 after buying an additional 738 shares during the last quarter. Finally, Invictus RG increased its position in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock worth $127,000 after buying an additional 1,972 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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