ValuEngine Downgrades United Rentals (URI) to Sell

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United Rentals (NYSE:URI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Monday, July 23rd. Bank of America set a $186.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Wednesday, July 18th. UBS Group set a $196.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Friday, July 13th. Buckingham Research upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Friday, July 13th. Finally, Deutsche Bank set a $158.00 price objective on shares of United Rentals and gave the stock a “hold” rating in a report on Wednesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. United Rentals has a consensus rating of “Buy” and an average target price of $188.73.

Shares of NYSE:URI opened at $137.88 on Friday. The firm has a market capitalization of $13.54 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 0.57 and a beta of 2.46. United Rentals has a 1 year low of $135.68 and a 1 year high of $190.74. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.68 and a quick ratio of 0.63.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 18th. The construction company reported $3.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.45 by $0.40. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. United Rentals had a net margin of 21.18% and a return on equity of 39.28%. United Rentals’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 earnings per share. As a group, equities analysts anticipate that United Rentals will post 16.1 EPS for the current year.

In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the business’s stock in a transaction on Friday, July 20th. The shares were sold at an average price of $155.37, for a total transaction of $4,661,100.00. Following the completion of the transaction, the chief executive officer now owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donald C. Roof sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the transaction, the director now directly owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in URI. Janus Henderson Group PLC raised its position in shares of United Rentals by 131.1% during the second quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock valued at $146,992,000 after buying an additional 564,954 shares during the last quarter. Morgan Stanley raised its position in shares of United Rentals by 21.6% during the second quarter. Morgan Stanley now owns 755,594 shares of the construction company’s stock valued at $111,539,000 after buying an additional 134,101 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of United Rentals during the second quarter valued at about $111,154,000. Dimensional Fund Advisors LP raised its position in shares of United Rentals by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 732,477 shares of the construction company’s stock valued at $108,130,000 after buying an additional 8,936 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of United Rentals by 38.5% during the first quarter. Allianz Asset Management GmbH now owns 676,499 shares of the construction company’s stock valued at $116,852,000 after buying an additional 188,047 shares during the last quarter. 86.82% of the stock is owned by hedge funds and other institutional investors.

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 Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for United Rentals (NYSE:URI)

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