United Rentals (NYSE:URI)‘s stock had its “neutral” rating reiterated by equities researchers at Buckingham Research in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $175.00 price target on the construction company’s stock, up from their prior price target of $154.00. Buckingham Research’s price target would suggest a potential upside of 1.04% from the stock’s current price.
A number of other analysts have also recently commented on URI. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Wednesday, September 20th. Jefferies Group reiterated a “buy” rating and set a $150.00 price target on shares of United Rentals in a research report on Thursday, September 21st. Deutsche Bank reiterated a “hold” rating and set a $157.00 price target (up from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Citigroup boosted their price target on United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Stifel Nicolaus boosted their price target on United Rentals from $133.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $155.68.
United Rentals (URI) traded up $0.77 during trading on Tuesday, hitting $173.20. The stock had a trading volume of 1,100,500 shares, compared to its average volume of 1,110,314. The stock has a market capitalization of $15,090.00, a PE ratio of 24.57, a PEG ratio of 0.74 and a beta of 2.67. United Rentals has a 1-year low of $100.62 and a 1-year high of $176.62. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88.
United Rentals announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $144.72, for a total value of $4,341,600.00. Following the completion of the sale, the insider now directly owns 272,292 shares in the company, valued at approximately $39,406,098.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Filippo Passerini sold 3,308 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total value of $473,837.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,760 shares of company stock valued at $13,873,111. 1.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Fieldpoint Private Securities LLC purchased a new stake in United Rentals in the 3rd quarter valued at $119,000. Americafirst Capital Management LLC purchased a new stake in United Rentals in the 2nd quarter valued at $151,000. First Manhattan Co. lifted its stake in shares of United Rentals by 42.9% in the 3rd quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock valued at $196,000 after purchasing an additional 425 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of United Rentals by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after purchasing an additional 145 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of United Rentals in the 3rd quarter valued at $202,000. Institutional investors own 91.37% of the company’s stock.
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About United Rentals
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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