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.
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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