ValuEngine Lowers United Rentals (NYSE:URI) to Strong Sell

ValuEngine cut shares of United Rentals (NYSE:URI) from a sell rating to a strong sell rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Gold Resource from a hold rating to a sell rating in a research note on Friday, June 21st. Northcoast Research reaffirmed a neutral rating on shares of United Rentals in a research note on Monday, April 22nd. UBS Group set a $170.00 price objective on United Rentals and gave the company a buy rating in a research note on Friday, June 28th. OTR Global cut United Rentals to a positive rating in a research note on Monday, April 1st. Finally, Morgan Stanley cut Silicon Motion Technology from an equal weight rating to an underweight rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $155.73.

URI stock opened at $118.98 on Thursday. The stock’s fifty day simple moving average is $127.06. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.71 and a current ratio of 0.73. The firm has a market capitalization of $9.35 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 0.35 and a beta of 2.63. United Rentals has a 52-week low of $94.28 and a 52-week high of $173.00.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.26. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.85 earnings per share. As a group, analysts predict that United Rentals will post 19.46 EPS for the current fiscal year.

In related news, Director Michael Kneeland sold 32,007 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.68, for a total transaction of $3,958,625.76. Following the completion of the transaction, the director now directly owns 223,871 shares of the company’s stock, valued at approximately $27,688,365.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 233,261 shares of company stock valued at $29,791,035 over the last ninety days. Insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chesley Taft & Associates LLC grew its stake in United Rentals by 0.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 12,360 shares of the construction company’s stock worth $1,639,000 after purchasing an additional 85 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in United Rentals by 1.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock worth $982,000 after purchasing an additional 98 shares in the last quarter. Pennsylvania Trust Co grew its stake in United Rentals by 0.9% during the 1st quarter. Pennsylvania Trust Co now owns 14,865 shares of the construction company’s stock worth $1,698,000 after purchasing an additional 133 shares in the last quarter. First Manhattan Co. grew its stake in United Rentals by 3.6% during the 1st quarter. First Manhattan Co. now owns 4,199 shares of the construction company’s stock worth $479,000 after purchasing an additional 144 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in United Rentals by 0.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,457 shares of the construction company’s stock worth $3,774,000 after purchasing an additional 162 shares in the last quarter. 86.75% of the stock is owned by hedge funds and other institutional investors.

About United Rentals

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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Analyst Recommendations for United Rentals (NYSE:URI)

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