United Rentals (NYSE:URI) Rating Lowered to Positive at OTR Global

United Rentals (NYSE:URI) was downgraded by stock analysts at OTR Global to a “positive” rating in a research report issued on Monday, April 1st, The Fly reports.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Wednesday, March 27th. Barclays initiated coverage on United Rentals in a research note on Friday, December 14th. They issued an “equal weight” rating and a $130.00 target price on the stock. Finally, Standpoint Research cut United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $156.91.

Shares of United Rentals stock traded up $2.87 during trading on Monday, hitting $140.40. The stock had a trading volume of 1,110,824 shares, compared to its average volume of 1,614,886. The stock has a market cap of $10.97 billion, a P/E ratio of 8.63, a PEG ratio of 0.40 and a beta of 2.49. United Rentals has a 12 month low of $94.28 and a 12 month high of $175.42. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.71 and a current ratio of 0.77.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.87 earnings per share. Sell-side analysts predict that United Rentals will post 19.67 earnings per share for the current year.

In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $132.73, for a total value of $3,981,900.00. Following the completion of the sale, the chief executive officer now directly owns 202,237 shares in the company, valued at $26,842,917.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jessica Graziano sold 547 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $123.36, for a total transaction of $67,477.92. Following the completion of the sale, the chief financial officer now owns 11,247 shares of the company’s stock, valued at $1,387,429.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,004 shares of company stock valued at $7,354,116. 1.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Doyle Wealth Management purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $28,000. CSat Investment Advisory L.P. increased its position in shares of United Rentals by 160.7% during the fourth quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock valued at $29,000 after acquiring an additional 172 shares in the last quarter. Ropes Wealth Advisors LLC bought a new stake in shares of United Rentals during the first quarter valued at approximately $32,000. Rational Advisors LLC increased its position in shares of United Rentals by 9,100.0% during the fourth quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock valued at $38,000 after acquiring an additional 364 shares in the last quarter. Finally, Executive Wealth Management LLC bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 88.02% of the company’s stock.

United Rentals Company Profile

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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Analyst Recommendations for United Rentals (NYSE:URI)

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