United Rentals (NYSE:URI) Hits New 12-Month High After Analyst Upgrade

United Rentals, Inc. (NYSE:URI)’s share price reached a new 52-week high on Monday after Goldman Sachs Group raised their price target on the stock from $165.00 to $180.00. Goldman Sachs Group currently has a buy rating on the stock. United Rentals traded as high as $155.94 and last traded at $154.81, with a volume of 101069 shares trading hands. The stock had previously closed at $155.32.

URI has been the subject of several other research reports. Citigroup reaffirmed a “buy” rating and set a $160.00 price target on shares of United Rentals in a research note on Wednesday, September 11th. Macquarie set a $99.00 price target on shares of United Rentals and gave the stock a “sell” rating in a research report on Friday, July 19th. Deutsche Bank set a $128.00 price target on shares of United Rentals and gave the stock a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price target for the company in a research report on Friday, October 11th. Finally, UBS Group downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $166.00 to $118.00 in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. United Rentals presently has a consensus rating of “Hold” and a consensus price target of $141.90.

In other United Rentals news, Director Filippo Passerini acquired 2,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was bought at an average price of $110.37 per share, for a total transaction of $220,740.00. Following the acquisition, the director now owns 8,783 shares in the company, valued at $969,379.71. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Kneeland sold 22,999 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the completion of the sale, the director now owns 181,973 shares of the company’s stock, valued at approximately $27,492,480.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,770 shares of company stock valued at $4,292,710. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. MUFG Americas Holdings Corp purchased a new stake in shares of United Rentals in the 3rd quarter valued at approximately $107,000. Cetera Advisors LLC grew its stake in shares of United Rentals by 3.5% in the 3rd quarter. Cetera Advisors LLC now owns 3,865 shares of the construction company’s stock valued at $481,000 after buying an additional 131 shares during the period. Cetera Advisor Networks LLC grew its stake in shares of United Rentals by 59.7% in the 3rd quarter. Cetera Advisor Networks LLC now owns 11,185 shares of the construction company’s stock valued at $1,389,000 after buying an additional 4,180 shares during the period. D.A. Davidson & CO. grew its stake in shares of United Rentals by 157.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,390 shares of the construction company’s stock valued at $672,000 after buying an additional 3,300 shares during the period. Finally, Putnam FL Investment Management Co. grew its stake in shares of United Rentals by 83.3% in the 3rd quarter. Putnam FL Investment Management Co. now owns 6,030 shares of the construction company’s stock valued at $752,000 after buying an additional 2,740 shares during the period. Institutional investors own 89.57% of the company’s stock.

The firm’s 50 day moving average price is $128.39 and its two-hundred day moving average price is $124.93. 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 firm has a market cap of $11.75 billion, a PE ratio of 9.61, a PEG ratio of 0.64 and a beta of 2.68.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $4.74 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts forecast that United Rentals, Inc. will post 19.28 earnings per share for the current year.

About United Rentals (NYSE:URI)

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.

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