BidaskClub Lowers United Rentals, Inc. (NYSE:URI) to Buy

United Rentals, Inc. (NYSE:URI) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday, August 4th.

A number of other analysts have also commented on URI. UBS AG restated a “neutral” rating and set a $121.00 price target on shares of United Rentals in a research note on Sunday, April 23rd. Axiom Securities restated a “sell” rating on shares of United Rentals in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada upgraded shares of United Rentals from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $128.00 to $138.00 in a research note on Monday, July 17th. Finally, Vetr raised shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price objective on the stock in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $124.68.

United Rentals (NYSE URI) opened at 111.86 on Friday. The firm has a market cap of $9.46 billion, a PE ratio of 16.25 and a beta of 2.43. The company’s 50-day moving average is $115.82 and its 200 day moving average is $116.99. United Rentals has a one year low of $70.58 and a one year high of $134.28.

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

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In related news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the transaction, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in URI. Toronto Dominion Bank boosted its stake in shares of United Rentals by 25.8% in the second quarter. Toronto Dominion Bank now owns 28,628 shares of the construction company’s stock worth $3,226,000 after buying an additional 5,879 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of United Rentals during the second quarter worth about $382,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of United Rentals during the second quarter worth about $364,000. Colony Group LLC purchased a new stake in shares of United Rentals during the second quarter worth about $220,000. Finally, Kalos Management Inc. boosted its stake in shares of United Rentals by 2.4% in the second quarter. Kalos Management Inc. now owns 4,610 shares of the construction company’s stock worth $519,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 96.20% 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.

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