United Rentals (NYSE:URI) Stock Rating Reaffirmed by Oppenheimer

United Rentals (NYSE:URI)‘s stock had its “market perform” rating reissued by stock analysts at Oppenheimer in a note issued to investors on Monday, Benzinga reports.

Other equities analysts also recently issued reports about the stock. Barclays boosted their price target on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Morgan Stanley assumed coverage on shares of United Rentals in a report on Monday, January 8th. They issued an “equal weight” rating and a $500.00 price target on the stock. Truist Financial increased their price objective on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird boosted their target price on United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Finally, The Goldman Sachs Group increased their price target on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $600.79.

United Rentals Trading Down 6.3 %

Shares of URI stock opened at $667.82 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The company has a market capitalization of $44.47 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.10 and a beta of 1.84. United Rentals has a 52-week low of $325.15 and a 52-week high of $732.37. The company has a 50-day simple moving average of $682.42 and a two-hundred day simple moving average of $582.31.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.95 EPS. Research analysts anticipate that United Rentals will post 43.54 EPS for the current fiscal year.

United Rentals announced that its board has initiated a stock buyback program on Wednesday, January 24th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at United Rentals

In related news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on 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 owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in URI. OFI Invest Asset Management purchased a new position in shares of United Rentals in the 3rd quarter worth about $25,000. First Financial Corp IN bought a new position in United Rentals during the first quarter valued at approximately $25,000. AdvisorNet Financial Inc grew its position in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of United Rentals during the first quarter worth approximately $28,000. Finally, NBC Securities Inc. bought a new stake in shares of United Rentals in the 3rd quarter worth approximately $29,000. 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.