Latest Stocks: ValuEngine Upgrades United Rentals, Inc. (URI) to Strong-Buy

Latest Stocks: ValuEngine Upgrades United Rentals, Inc. (URI) to Strong-Buy

United Rentals, Inc. (NYSE:URI) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

URI has been the subject of a number of other reports. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Thursday, February 2nd. Deutsche Bank AG began coverage on United Rentals in a report on Wednesday, April 5th. They issued a “hold” rating and a $125.00 target price for the company. Bank of America Corp raised United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Vetr raised United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 target price for the company in a report on Monday, April 24th. Finally, Axiom Securities reissued a “sell” rating on shares of United Rentals in a report on Thursday, March 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $120.16.

Shares of United Rentals (NYSE:URI) opened at 105.74 on Friday. The company has a market capitalization of $8.94 billion, a P/E ratio of 15.67 and a beta of 2.49. United Rentals has a one year low of $61.78 and a one year high of $134.28. The stock has a 50 day moving average price of $111.32 and a 200-day moving average price of $115.24.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.12. United Rentals had a return on equity of 25.71% and a net margin of 8.04%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm posted $1.40 EPS. United Rentals’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts predict that United Rentals will post $9.67 earnings per share for the current fiscal year.

In other United Rentals news, EVP Craig Adam Pintoff sold 1,832 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $124.39, for a total value of $227,882.48. Following the transaction, the executive vice president now directly owns 29,092 shares in the company, valued at approximately $3,618,753.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew John Flannery sold 18,785 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $124.47, for a total value of $2,338,168.95. Following the completion of the transaction, the chief operating officer now owns 30,426 shares in the company, valued at $3,787,124.22. The disclosure for this sale can be found here. Insiders sold a total of 27,271 shares of company stock worth $3,393,144 over the last quarter. Corporate insiders own 1.30% of the company’s stock. Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in shares of United Rentals by 6.1% in the first quarter. Public Employees Retirement System of Ohio now owns 73,414 shares of the construction company’s stock worth $9,180,000 after buying an additional 4,248 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of United Rentals by 18.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 422,330 shares of the construction company’s stock worth $52,812,000 after buying an additional 64,431 shares during the last quarter. Achmea Investment Management B.V. purchased a new position in shares of United Rentals during the first quarter worth approximately $912,000. Bank of Nova Scotia raised its position in shares of United Rentals by 102.8% in the first quarter. Bank of Nova Scotia now owns 34,496 shares of the construction company’s stock worth $4,314,000 after buying an additional 17,485 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of United Rentals during the first quarter worth approximately $3,752,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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