United Rentals (NYSE:URI) PT Raised to $750.00 at Stifel Nicolaus

United Rentals (NYSE:URI) had its target price upped by analysts at Stifel Nicolaus from $720.00 to $750.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price points to a potential upside of 8.57% from the company’s current price.

Several other brokerages have also commented on URI. The Goldman Sachs Group upped their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird upped their price target on shares of United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. Morgan Stanley began coverage on shares of United Rentals in a research report on Monday, January 8th. They set an “equal weight” rating and a $500.00 price target for the company. Wells Fargo & Company upped their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Evercore ISI raised their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $600.57.

United Rentals Stock Performance

NYSE:URI opened at $690.80 on Friday. The firm has a 50 day simple moving average of $681.18 and a 200-day simple moving average of $579.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.75. The firm has a market cap of $46.00 billion, a PE ratio of 18.71, a P/E/G ratio of 2.40 and a beta of 1.84. United Rentals has a 1-year low of $325.15 and a 1-year high of $732.37.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the business posted $7.95 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that United Rentals will post 43.13 EPS for the current year.

United Rentals announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the construction company to purchase up to 3.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CFO William E. Grace sold 775 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now directly owns 6,323 shares in the company, valued at $4,145,485.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Trading of United Rentals

Several large investors have recently modified their holdings of the business. Highview Capital Management LLC DE acquired a new stake in shares of United Rentals during the first quarter valued at about $226,000. SlateStone Wealth LLC grew its stake in shares of United Rentals by 2.4% during the first quarter. SlateStone Wealth LLC now owns 5,014 shares of the construction company’s stock valued at $3,616,000 after acquiring an additional 118 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in United Rentals by 3.7% in the first quarter. Checchi Capital Advisers LLC now owns 582 shares of the construction company’s stock worth $420,000 after purchasing an additional 21 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in United Rentals by 0.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,726 shares of the construction company’s stock worth $8,456,000 after purchasing an additional 100 shares in the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in United Rentals in the first quarter worth about $255,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Company Profile

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.