United Rentals, Inc. (NYSE:URI)’s stock price hit a new 52-week high on Friday . The company traded as high as $159.15 and last traded at $159.05, with a volume of 24083 shares traded. The stock had previously closed at $153.13.
Several equities analysts recently weighed in on URI shares. Goldman Sachs Group raised their target price on shares of United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Buckingham Research reaffirmed a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of United Rentals in a report on Monday, November 11th. Zacks Investment Research raised United Rentals from a “sell” rating to a “hold” rating and set a $119.00 target price on the stock in a report on Friday, October 11th. Royal Bank of Canada set a $150.00 target price on United Rentals and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, ValuEngine lowered United Rentals from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $141.90.
The firm has a market capitalization of $11.82 billion, a PE ratio of 9.67, a PEG ratio of 0.66 and a beta of 2.71. The business’s 50 day simple moving average is $146.14 and its 200 day simple moving average is $127.44. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 2.93.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.22. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.74 EPS. Analysts forecast that United Rentals, Inc. will post 19.28 earnings per share for the current year.
In other United Rentals news, Director Michael Kneeland sold 22,999 shares of United Rentals stock in a transaction on 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 transaction, the director now directly owns 181,973 shares of the company’s stock, valued at $27,492,480.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey J. Fenton sold 2,735 shares of United Rentals stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $132.53, for a total transaction of $362,469.55. Following the transaction, the senior vice president now directly owns 33,819 shares of the company’s stock, valued at $4,482,032.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,770 shares of company stock valued at $4,292,710. Company insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. First Interstate Bank purchased a new stake in United Rentals in the 2nd quarter worth about $26,000. Prestige Wealth Management Group LLC purchased a new position in shares of United Rentals during the second quarter valued at approximately $27,000. Citizens Financial Group Inc RI boosted its position in shares of United Rentals by 74.8% during the third quarter. Citizens Financial Group Inc RI now owns 208 shares of the construction company’s stock valued at $26,000 after buying an additional 89 shares during the period. North Star Investment Management Corp. bought a new position in shares of United Rentals during the third quarter valued at approximately $31,000. Finally, First Mercantile Trust Co. bought a new position in shares of United Rentals during the second quarter valued at approximately $46,000. 88.35% of the stock is currently owned by institutional investors and hedge funds.
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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