United Rentals, Inc. (URI) Earns “Overweight” Rating from Piper Jaffray Companies

United Rentals, Inc. (NYSE:URI)‘s stock had its “overweight” rating restated by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Saturday, April 22nd. They presently have a $144.00 price target on the construction company’s stock, down from their prior price target of $156.00. Piper Jaffray Companies’ price objective indicates a potential upside of 30.79% from the company’s current price.

Other research analysts have also issued reports about the stock. Jefferies Group LLC increased their price objective on shares of United Rentals from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, January 20th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Tuesday, December 27th. Citigroup Inc increased their price objective on shares of United Rentals from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, January 26th. Vetr upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $132.19 price objective on the stock in a report on Wednesday, March 8th. Finally, Argus lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Thursday, February 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $120.16.

Analyst Recommendations for United Rentals (NYSE:URI)

Shares of United Rentals (NYSE:URI) traded up 3.38% during mid-day trading on Friday, reaching $110.10. 1,706,189 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $115.17 and a 200 day moving average price of $112.62. United Rentals has a 12-month low of $61.78 and a 12-month high of $134.28. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 16.32 and a beta of 2.49.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.12. United Rentals had a net margin of 9.82% and a return on equity of 50.17%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate that United Rentals will post $9.67 EPS for the current fiscal year.

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In other news, Director Singleton B. Mcallister sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $128.03, for a total transaction of $422,499.00. Following the completion of the sale, the director now owns 16,688 shares of the company’s stock, valued at $2,136,564.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew John Flannery sold 18,785 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $124.47, for a total transaction of $2,338,168.95. Following the sale, the chief operating officer now directly owns 30,426 shares of the company’s stock, valued at approximately $3,787,124.22. The disclosure for this sale can be found here. Insiders have sold 30,571 shares of company stock valued at $3,815,643 in the last three months. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its position in United Rentals by 102.8% in the first quarter. Bank of Nova Scotia now owns 34,496 shares of the construction company’s stock worth $4,314,000 after buying an additional 17,485 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in United Rentals during the first quarter worth approximately $3,752,000. Janus Capital Management LLC increased its position in United Rentals by 2.0% in the first quarter. Janus Capital Management LLC now owns 560,508 shares of the construction company’s stock worth $70,092,000 after buying an additional 11,018 shares in the last quarter. HighTower Advisors LLC increased its position in United Rentals by 4.6% in the first quarter. HighTower Advisors LLC now owns 55,174 shares of the construction company’s stock worth $6,945,000 after buying an additional 2,416 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its position in United Rentals by 203.7% in the first quarter. Tudor Investment Corp ET AL now owns 6,073 shares of the construction company’s stock worth $759,000 after buying an additional 4,073 shares in the last quarter. 95.15% of the stock is owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:URI

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