United Rentals (NYSE:URI – Get Free Report) had its price objective lowered by stock analysts at Truist Financial from $965.00 to $963.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 27.87% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Barclays boosted their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday. Finally, Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $805.08.
United Rentals Price Performance
United Rentals (NYSE:URI – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $11.73 EPS. Sell-side analysts expect that United Rentals will post 43.46 EPS for the current year.
Insider Activity
In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company’s stock.
Hedge Funds Weigh In On United Rentals
A number of large investors have recently bought and sold shares of URI. Bernardo Wealth Planning LLC bought a new stake in shares of United Rentals during the fourth quarter valued at about $216,000. Clarius Group LLC lifted its stake in United Rentals by 7.4% during the fourth quarter. Clarius Group LLC now owns 492 shares of the construction company’s stock valued at $347,000 after buying an additional 34 shares in the last quarter. Oak Ridge Investments LLC boosted its stake in United Rentals by 6.7% in the 4th quarter. Oak Ridge Investments LLC now owns 7,423 shares of the construction company’s stock worth $5,229,000 after purchasing an additional 466 shares during the period. Aaron Wealth Advisors LLC lifted its stake in United Rentals by 125.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 987 shares of the construction company’s stock worth $695,000 after acquiring an additional 549 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in shares of United Rentals by 4.0% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 678 shares of the construction company’s stock worth $478,000 after purchasing an additional 26 shares during the period. Institutional investors own 96.26% of the company’s stock.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
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