United Rentals (NYSE:URI) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of United Rentals (NYSE:URIGet Rating) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Several other analysts have also commented on URI. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Rentals from $421.00 to $396.00 in a research report on Friday, April 29th. UBS Group dropped their price target on shares of United Rentals to $400.00 and set a na rating on the stock in a research report on Tuesday, May 17th. OTR Global lowered shares of United Rentals to a positive rating in a research report on Wednesday. Finally, Wells Fargo & Company initiated coverage on shares of United Rentals in a research report on Friday, March 11th. They set an overweight rating and a $425.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $384.55.

Shares of United Rentals stock opened at $241.35 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a fifty day moving average price of $293.46 and a 200 day moving average price of $316.84. United Rentals has a 1 year low of $233.17 and a 1 year high of $414.99. The stock has a market cap of $17.28 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.46 and a beta of 1.81.

United Rentals (NYSE:URIGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The construction company reported $5.73 EPS for the quarter, beating the consensus estimate of $5.28 by $0.45. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.44 billion. United Rentals had a net margin of 15.22% and a return on equity of 31.29%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business earned $3.45 earnings per share. As a group, equities analysts expect that United Rentals will post 29.79 EPS for the current year.

In other United Rentals news, Director Shiv Singh purchased 173 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average cost of $288.65 per share, for a total transaction of $49,936.45. Following the completion of the transaction, the director now owns 6,993 shares of the company’s stock, valued at approximately $2,018,529.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Dale A. Asplund sold 6,575 shares of the business’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $318.58, for a total transaction of $2,094,663.50. Following the transaction, the chief operating officer now owns 26,666 shares in the company, valued at $8,495,254.28. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in United Rentals by 2.3% during the first quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company’s stock worth $2,905,379,000 after purchasing an additional 186,931 shares during the period. BlackRock Inc. raised its stake in United Rentals by 1.1% during the first quarter. BlackRock Inc. now owns 5,450,665 shares of the construction company’s stock worth $1,936,131,000 after purchasing an additional 59,109 shares during the period. Capital Research Global Investors raised its stake in United Rentals by 55.7% during the first quarter. Capital Research Global Investors now owns 2,693,664 shares of the construction company’s stock worth $956,818,000 after purchasing an additional 964,105 shares during the period. Lyrical Asset Management LP raised its stake in United Rentals by 0.7% during the first quarter. Lyrical Asset Management LP now owns 1,226,642 shares of the construction company’s stock worth $435,716,000 after purchasing an additional 8,847 shares during the period. Finally, Nordea Investment Management AB raised its stake in United Rentals by 3.2% during the fourth quarter. Nordea Investment Management AB now owns 1,105,138 shares of the construction company’s stock worth $361,281,000 after purchasing an additional 34,211 shares during the period. 89.70% of the stock is currently owned by 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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Analyst Recommendations for United Rentals (NYSE:URI)

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