United Rentals (NYSE:URI) had its price target raised by investment analysts at Goldman Sachs Group from $165.00 to $180.00 in a report released on Friday, Briefing.com Automated Import reports. The firm presently has a “buy” rating on the construction company’s stock. Goldman Sachs Group’s price objective points to a potential upside of 15.89% from the company’s current price.
URI has been the subject of a number of other reports. Zacks Investment Research upgraded United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price target for the company in a research note on Friday, October 11th. Royal Bank of Canada set a $150.00 price objective on United Rentals and gave the company a “buy” rating in a report on Friday, October 18th. Citigroup restated a “buy” rating and issued a $160.00 price objective on shares of United Rentals in a report on Wednesday, September 11th. ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Finally, Macquarie set a $99.00 price objective on United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $137.67.
Shares of URI traded up $5.15 during trading hours on Friday, reaching $155.32. The stock had a trading volume of 1,619,889 shares, compared to its average volume of 1,482,789. United Rentals has a 12 month low of $94.28 and a 12 month high of $155.74. The stock has a market capitalization of $11.05 billion, a PE ratio of 9.55, a PEG ratio of 0.64 and a beta of 2.68. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.66 and a current ratio of 0.71. The company’s 50-day moving average is $128.39 and its two-hundred day moving average is $124.93.
In other United Rentals news, SVP Jeffrey J. Fenton sold 2,735 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $132.53, for a total transaction of $362,469.55. Following the completion of the sale, the senior vice president now directly owns 33,819 shares in the company, valued at approximately $4,482,032.07. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Kneeland sold 22,999 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $151.08, for a total value of $3,474,688.92. Following the sale, the director now owns 181,973 shares of the company’s stock, valued at $27,492,480.84. The disclosure for this sale can be found here. Insiders sold 28,770 shares of company stock valued at $4,292,710 over the last 90 days. 1.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of URI. Private Trust Co. NA acquired a new stake in United Rentals during the 2nd quarter worth about $234,000. Fulton Bank N.A. grew its stake in shares of United Rentals by 9.9% in the 2nd quarter. Fulton Bank N.A. now owns 16,724 shares of the construction company’s stock valued at $2,218,000 after buying an additional 1,507 shares during the period. DNB Asset Management AS grew its stake in shares of United Rentals by 2.8% in the 2nd quarter. DNB Asset Management AS now owns 26,840 shares of the construction company’s stock valued at $3,560,000 after buying an additional 740 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of United Rentals in the 2nd quarter valued at about $11,205,000. Finally, Douglas Lane & Associates LLC grew its stake in shares of United Rentals by 11.7% in the 2nd quarter. Douglas Lane & Associates LLC now owns 26,798 shares of the construction company’s stock valued at $3,554,000 after buying an additional 2,804 shares during the period. Hedge funds and other institutional investors own 89.57% of the company’s stock.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
Featured Article: Why Invest in High-Yield Dividend Stocks?
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.