United Rentals, Inc. (URI) Receives Hold Rating from Deutsche Bank AG

Deutsche Bank AG reiterated their hold rating on shares of United Rentals, Inc. (NYSE:URI) in a research note published on Tuesday. Deutsche Bank AG currently has a $157.00 price target on the construction company’s stock, up from their prior price target of $130.00.

A number of other equities analysts also recently commented on the company. Axiom Securities reissued a sell rating on shares of United Rentals in a research report on Tuesday, June 6th. BidaskClub cut United Rentals from a strong-buy rating to a buy rating in a research report on Friday, August 4th. Zacks Investment Research lowered United Rentals from a buy rating to a hold rating in a research report on Tuesday, August 1st. Bank of America Corporation restated a buy rating and set a $145.00 target price (up previously from $130.00) on shares of United Rentals in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada raised United Rentals from a sector perform rating to an outperform rating and upped their price target for the company from $128.00 to $138.00 in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. United Rentals currently has a consensus rating of Buy and a consensus price target of $129.53.

United Rentals (NYSE:URI) traded down 2.11% during mid-day trading on Tuesday, reaching $139.70. The company’s stock had a trading volume of 335,828 shares. United Rentals has a 52 week low of $70.58 and a 52 week high of $142.71. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 20.29 and a beta of 2.46. The company’s 50-day moving average price is $123.30 and its 200 day moving average price is $116.41.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. On average, equities analysts forecast that United Rentals will post $9.91 earnings per share for the current fiscal year.

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In other news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at $4,880,934.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at $36,507,804.84. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several institutional investors have recently modified their holdings of URI. First Manhattan Co. lifted its stake in United Rentals by 4,204.3% in the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after buying an additional 967 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in United Rentals during the 2nd quarter worth about $151,000. Huntington National Bank increased its position in United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after purchasing an additional 179 shares in the last quarter. IFP Advisors Inc raised its stake in United Rentals by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after purchasing an additional 478 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in United Rentals by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

United Rentals Company Profile

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.

Analyst Recommendations for United Rentals (NYSE:URI)

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