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United Rentals, Inc. (NYSE:URI - Get Rating) has earned a consensus recommendation of "Hold" from the thirteen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $360.82.
URI has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of United Rentals from $247.00 to $312.00 in a research report on Thursday, July 28th. Sanford C. Bernstein cut shares of United Rentals from a "market perform" rating to an "underperform" rating and dropped their target price for the stock from $307.00 to $269.00 in a research report on Thursday, August 18th. KeyCorp lifted their target price on shares of United Rentals from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Monday, August 22nd. Morgan Stanley dropped their target price on shares of United Rentals from $368.00 to $292.00 and set an "equal weight" rating on the stock in a research report on Monday, July 18th. Finally, Citigroup lifted their target price on shares of United Rentals to $375.00 in a research report on Tuesday, August 9th.Insider Buying and Selling
In other United Rentals news, VP Andrew B. Limoges sold 308 shares of the company's stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $333.24, for a total value of $102,637.92. Following the sale, the vice president now owns 2,070 shares in the company, valued at $689,806.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Jessica Graziano sold 977 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $325.00, for a total value of $317,525.00. Following the sale, the chief financial officer now owns 21,587 shares in the company, valued at $7,015,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 308 shares of the firm's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $333.24, for a total transaction of $102,637.92. Following the completion of the sale, the vice president now owns 2,070 shares in the company, valued at approximately $689,806.80. The disclosure for this sale can be found here. Insiders sold a total of 20,361 shares of company stock valued at $6,142,963 over the last three months. Corporate insiders own 0.53% of the company's stock. Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of United Rentals by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company's stock valued at $2,905,379,000 after purchasing an additional 186,931 shares during the period. BlackRock Inc. grew its stake in shares of United Rentals by 1.1% in the 1st quarter. BlackRock Inc. now owns 5,450,665 shares of the construction company's stock worth $1,936,131,000 after buying an additional 59,109 shares in the last quarter. Capital Research Global Investors grew its stake in shares of United Rentals by 55.7% in the 1st quarter. Capital Research Global Investors now owns 2,693,664 shares of the construction company's stock worth $956,818,000 after buying an additional 964,105 shares in the last quarter. Lyrical Asset Management LP grew its stake in shares of United Rentals by 0.7% in the 1st quarter. Lyrical Asset Management LP now owns 1,226,642 shares of the construction company's stock worth $435,716,000 after buying an additional 8,847 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of United Rentals by 7.6% in the 1st quarter. AustralianSuper Pty Ltd now owns 989,184 shares of the construction company's stock worth $351,368,000 after buying an additional 70,025 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors. United Rentals Stock Performance
URI stock opened at $276.58 on Thursday. The stock has a 50-day moving average price of $298.82 and a 200-day moving average price of $293.70. United Rentals has a 1-year low of $230.54 and a 1-year high of $414.99. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. The firm has a market cap of $19.36 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85.
United Rentals (NYSE:URI - Get Rating) last issued its earnings results on Wednesday, July 27th. The construction company reported $7.86 EPS for the quarter, beating the consensus estimate of $6.57 by $1.29. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. United Rentals had a return on equity of 33.79% and a net margin of 16.41%. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $4.66 EPS. As a group, equities research analysts expect that United Rentals will post 31.73 earnings per share for the current year. About United Rentals (Get Rating)
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.Featured StoriesGet a free copy of the StockNews.com research report on United Rentals (URI)Institutional Investors Are Buying These Two StocksApple's Price Targets Are ChangingPut Pep In Your Portfolio With Low-Beta PepsicoIs Take-Two Interactive Software Inc. a Q4 Winner? Why All the Buzz Around These 3 Stocks?
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