Several other research firms also recently issued reports on URI. The Goldman Sachs Group lifted their price target on shares of United Rentals from $415.00 to $425.00 in a research note on Thursday, January 27th. Robert W. Baird lifted their price target on shares of United Rentals from $317.00 to $324.00 in a research note on Thursday, January 27th. KeyCorp dropped their price target on shares of United Rentals from $455.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, January 28th. Wells Fargo & Company initiated coverage on shares of United Rentals in a research note on Friday, March 11th. They set an “overweight” rating and a $425.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of United Rentals in a research note on Friday, January 21st. They set a “hold” rating and a $350.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average price target of $382.33.
Shares of URI stock opened at $288.44 on Thursday. The company’s fifty day simple moving average is $327.59 and its 200-day simple moving average is $335.12. United Rentals has a 52 week low of $269.37 and a 52 week high of $414.99. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.40. The company has a market cap of $20.66 billion, a PE ratio of 13.54, a P/E/G ratio of 0.57 and a beta of 1.80.
United Rentals declared that its board has approved a stock buyback plan on Wednesday, January 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
In other news, Director Shiv Singh bought 173 shares of United Rentals stock in a transaction on Monday, May 9th. The stock was purchased at an average cost of $288.65 per share, with a total value of $49,936.45. Following the purchase, the director now directly owns 6,993 shares of the company’s stock, valued at approximately $2,018,529.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig Adam Pintoff sold 1,652 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $323.41, for a total transaction of $534,273.32. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Riverview Trust Co bought a new stake in shares of United Rentals during the 1st quarter worth about $25,000. Jackson Grant Investment Advisers Inc. bought a new stake in shares of United Rentals during the 1st quarter worth about $32,000. Patriot Financial Group Insurance Agency LLC raised its position in shares of United Rentals by 42.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 90 shares of the construction company’s stock worth $32,000 after buying an additional 27 shares in the last quarter. Quent Capital LLC bought a new stake in shares of United Rentals during the 4th quarter worth about $35,000. Finally, HBC Financial Services PLLC bought a new stake in shares of United Rentals during the 1st quarter worth about $32,000. 89.70% of the stock is owned by hedge funds and other institutional investors.
United Rentals Company Profile (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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