United Rentals, Inc. (NYSE:URI) has received an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $158.60.
Several research firms have recently weighed in on URI. OTR Global lowered United Rentals to a “positive” rating in a research report on Monday, April 1st. Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Northcoast Research reissued a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. ValuEngine raised United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley lifted their price objective on United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd.
NYSE:URI traded down $0.63 during trading hours on Thursday, hitting $118.75. 799,803 shares of the company were exchanged, compared to its average volume of 1,515,076. The firm has a market cap of $9.39 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.35 and a beta of 2.60. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 3.31. United Rentals has a one year low of $94.28 and a one year high of $173.00.
In related news, Director Michael Kneeland sold 84,431 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $131.23, for a total value of $11,079,880.13. Following the completion of the sale, the director now directly owns 276,295 shares of the company’s stock, valued at approximately $36,258,192.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 4,566 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $123.17, for a total value of $562,394.22. Following the completion of the sale, the executive vice president now directly owns 17,880 shares of the company’s stock, valued at $2,202,279.60. The disclosure for this sale can be found here. Insiders sold a total of 249,020 shares of company stock valued at $31,757,626 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. National Pension Service increased its position in United Rentals by 9.7% in the 4th quarter. National Pension Service now owns 115,408 shares of the construction company’s stock valued at $15,199,000 after buying an additional 10,171 shares in the last quarter. UBS Oconnor LLC acquired a new position in United Rentals during the 4th quarter valued at about $2,051,000. Prime Capital Investment Advisors LLC boosted its stake in United Rentals by 30,911.5% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 59,232 shares of the construction company’s stock valued at $6,767,000 after purchasing an additional 59,041 shares during the last quarter. Stephens Inc. AR acquired a new position in United Rentals during the 4th quarter valued at about $1,097,000. Finally, Two Sigma Investments LP boosted its stake in United Rentals by 136.3% during the 4th quarter. Two Sigma Investments LP now owns 315,313 shares of the construction company’s stock valued at $32,329,000 after purchasing an additional 181,852 shares during the last quarter. 87.02% of the stock is owned by institutional investors and hedge funds.
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.
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