United Rentals, Inc. (URI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of United Rentals, Inc. (NYSE:URI) have been given an average recommendation of “Hold” by the twenty brokerages that are currently covering the stock. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $107.39.

A number of equities research analysts have weighed in on URI shares. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Saturday, December 10th. Vertical Research upgraded United Rentals from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd. Jefferies Group LLC raised their price objective on United Rentals from $92.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, November 29th. Citigroup Inc raised their price objective on United Rentals from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Finally, Vetr upgraded United Rentals from a “hold” rating to a “buy” rating and set a $132.19 price objective for the company in a research note on Wednesday, March 8th.

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In other news, VP Dale A. Asplund sold 6,654 shares of United Rentals stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $124.30, for a total value of $827,092.20. Following the completion of the transaction, the vice president now owns 21,769 shares in the company, valued at approximately $2,705,886.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Kneeland sold 20,000 shares of United Rentals stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $126.33, for a total value of $2,526,600.00. Following the completion of the transaction, the insider now owns 331,469 shares of the company’s stock, valued at approximately $41,874,478.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,822 shares of company stock valued at $8,285,451. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of URI. Assetmark Inc. raised its position in shares of United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock valued at $105,000 after buying an additional 272 shares during the last quarter. Bessemer Group Inc. raised its position in shares of United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the company’s stock valued at $138,000 after buying an additional 800 shares during the last quarter. Toronto Dominion Bank raised its position in shares of United Rentals by 407.2% in the third quarter. Toronto Dominion Bank now owns 2,536 shares of the company’s stock valued at $199,000 after buying an additional 2,036 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of United Rentals during the third quarter valued at approximately $212,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of United Rentals during the third quarter valued at approximately $212,000. Institutional investors own 95.15% of the company’s stock.

Shares of United Rentals (NYSE:URI) opened at 124.99 on Thursday. The firm has a market cap of $10.54 billion, a PE ratio of 19.38 and a beta of 2.49. United Rentals has a 1-year low of $56.01 and a 1-year high of $134.28. The company has a 50-day moving average of $126.81 and a 200-day moving average of $100.43.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. United Rentals had a return on equity of 50.17% and a net margin of 9.82%. The firm earned $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $2.19 EPS. United Rentals’s quarterly revenue was up .0% on a year-over-year basis. Analysts predict that United Rentals will post $9.13 earnings per share for the current fiscal year.

About United Rentals

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

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