United Rentals (NYSE:URI – Get Rating) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from $345.00 to $421.00 in a report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 29.64% from the company’s current price.
Several other research analysts have also commented on URI. StockNews.com began coverage on United Rentals in a report on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird raised their price target on shares of United Rentals from $317.00 to $324.00 in a report on Thursday, January 27th. Barclays raised their price target on shares of United Rentals from $290.00 to $300.00 and gave the stock an “underweight” rating in a report on Thursday, January 13th. Wells Fargo & Company began coverage on shares of United Rentals in a report on Friday, March 11th. They set an “overweight” rating and a $425.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on shares of United Rentals in a report on Friday, January 21st. They set a “hold” rating and a $350.00 price target for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $382.54.
United Rentals stock opened at $324.75 on Thursday. United Rentals has a 52-week low of $285.59 and a 52-week high of $414.99. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.68 and a beta of 1.84. The company has a fifty day simple moving average of $329.06 and a 200-day simple moving average of $341.41. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.47.
United Rentals announced that its board has initiated a stock repurchase program on Wednesday, January 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, EVP Craig Adam Pintoff sold 6,325 shares of United Rentals stock in a transaction dated Friday, January 28th. The stock was sold at an average price of $315.08, for a total transaction of $1,992,881.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gilman Hill Asset Management LLC lifted its position in shares of United Rentals by 6.6% during the 1st quarter. Gilman Hill Asset Management LLC now owns 7,257 shares of the construction company’s stock valued at $2,578,000 after acquiring an additional 450 shares during the last quarter. TIAA FSB boosted its position in United Rentals by 23.3% during the 1st quarter. TIAA FSB now owns 29,258 shares of the construction company’s stock worth $10,345,000 after acquiring an additional 5,522 shares during the period. Glassy Mountain Advisors Inc. lifted its position in United Rentals by 1.0% in the 1st quarter. Glassy Mountain Advisors Inc. now owns 23,744 shares of the construction company’s stock worth $8,434,000 after buying an additional 241 shares in the last quarter. Heartland Bank & Trust Co increased its position in United Rentals by 5.0% in the 1st quarter. Heartland Bank & Trust Co now owns 1,641 shares of the construction company’s stock worth $583,000 after purchasing an additional 78 shares during the last quarter. Finally, Icapital Wealth LLC bought a new stake in United Rentals in the first quarter worth approximately $64,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.
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.
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