URI has been the subject of a number of other research reports. Zacks Investment Research cut shares of United Rentals from a buy rating to a hold rating in a research report on Thursday, February 2nd. Deutsche Bank AG initiated coverage on United Rentals in a report on Wednesday, April 5th. They set a hold rating and a $125.00 target price for the company. Bank of America Corporation upgraded United Rentals from a neutral rating to a buy rating in a report on Friday, April 28th. Vetr upgraded United Rentals from a buy rating to a strong-buy rating and set a $125.52 target price for the company in a report on Monday, April 24th. Finally, Axiom Securities reiterated a sell rating on shares of United Rentals in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $120.16.
Shares of United Rentals (URI) traded up 1.65% on Wednesday, hitting $105.20. The stock had a trading volume of 1,882,246 shares. United Rentals has a one year low of $61.78 and a one year high of $134.28. The company has a market capitalization of $8.89 billion, a P/E ratio of 15.59 and a beta of 2.35. The firm has a 50 day moving average price of $109.34 and a 200 day moving average price of $115.59.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 19th. The construction company reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.12. United Rentals had a net margin of 10.04% and a return on equity of 47.90%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that United Rentals will post $9.66 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. increased its stake in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in United Rentals during the first quarter worth $127,000. Contravisory Investment Management Inc. increased its stake in United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares during the last quarter. Bessemer Group Inc. increased its stake in United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the construction company’s stock worth $138,000 after buying an additional 800 shares during the last quarter. Finally, Dubuque Bank & Trust Co. increased its stake in United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock worth $195,000 after buying an additional 1,004 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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