Morgan Stanley Boosts United Rentals (NYSE:URI) Price Target to $1,165.00

United Rentals (NYSE:URI) had its target price lifted by stock analysts at Morgan Stanley from $1,030.00 to $1,165.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Morgan Stanley’s price target would indicate a potential upside of 11.62% from the stock’s current price.

URI has been the topic of several other research reports. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Weiss Ratings lowered United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Royal Bank Of Canada lifted their target price on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on United Rentals from $1,050.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, KeyCorp upped their target price on United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,140.00.

United Rentals Stock Performance

Shares of URI opened at $1,043.73 on Friday. The firm’s 50 day moving average is $1,041.31 and its 200-day moving average is $910.42. The stock has a market capitalization of $65.39 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.67 and a beta of 1.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals has a 12-month low of $701.59 and a 12-month high of $1,143.69.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $8.86 earnings per share. Equities research analysts anticipate that United Rentals will post 46.85 EPS for the current fiscal year.

Insider Activity

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares of the company’s stock, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Beacon Investment Advisory Services Inc. lifted its position in shares of United Rentals by 1,358.7% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after purchasing an additional 7,663 shares in the last quarter. Nordea Investment Management AB grew its position in United Rentals by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after purchasing an additional 28,604 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in United Rentals by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after buying an additional 1,846 shares during the period. Addenda Capital Inc. increased its stake in United Rentals by 21.3% in the 4th quarter. Addenda Capital Inc. now owns 16,739 shares of the construction company’s stock valued at $13,547,000 after buying an additional 2,939 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in United Rentals by 52.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after buying an additional 1,109 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.