United Rentals Inc. (NYSE:URI) had its target price upped by Barclays PLC from $81.00 to $94.00 in a report issued on Wednesday morning. They currently have an overweight rating on the stock.
A number of other equities research analysts have also recently issued reports on the company. Argus began coverage on United Rentals in a research note on Tuesday, October 4th. They set a buy rating and a $90.00 price objective on the stock. OTR Global upgraded United Rentals from a mixed rating to a positive rating in a research note on Friday, September 23rd. Zacks Investment Research cut United Rentals from a buy rating to a hold rating in a research note on Thursday, September 22nd. Deutsche Bank AG started coverage on United Rentals in a research note on Tuesday, September 6th. They set a hold rating and a $79.00 price objective on the stock. Finally, Axiom Securities restated a sell rating on shares of United Rentals in a research note on Tuesday, August 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $75.74.
Shares of United Rentals (NYSE:URI) opened at 75.27 on Wednesday. The firm has a market cap of $6.49 billion, a P/E ratio of 11.35 and a beta of 2.61. The firm’s 50-day moving average is $79.12 and its 200-day moving average is $71.41. United Rentals has a 1-year low of $41.90 and a 1-year high of $84.63.
United Rentals (NYSE:URI) last announced its quarterly earnings data 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 quarter in the prior year, the business posted $1.95 EPS. The business’s revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that United Rentals will post $8.08 EPS for the current fiscal year.
In other United Rentals news, insider Michael Kneeland sold 20,000 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $76.35, for a total value of $1,527,000.00. Following the completion of the transaction, the insider now directly owns 387,169 shares in the company, valued at $29,560,353.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William B. Plummer sold 15,811 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $78.74, for a total value of $1,244,958.14. Following the completion of the transaction, the chief financial officer now owns 73,209 shares of the company’s stock, valued at $5,764,476.66. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in United Rentals by 1.1% in the first quarter. State Street Corp now owns 3,776,170 shares of the company’s stock valued at $234,846,000 after buying an additional 39,464 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in United Rentals by 3.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,789,781 shares of the company’s stock valued at $173,496,000 after buying an additional 102,790 shares in the last quarter. Dimensional Fund Advisors LP increased 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 in the last quarter. Bank of Montreal Can purchased a new position in United Rentals during the second quarter valued at approximately $121,012,000. Finally, BlackRock Fund Advisors increased its position in United Rentals by 3.4% in the second quarter. BlackRock Fund Advisors now owns 1,457,533 shares of the company’s stock valued at $97,800,000 after buying an additional 48,212 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.
About United Rentals