United Rentals Inc. (NYSE:URI) – Avondale Partners issued their Q3 2016 earnings per share estimates for United Rentals in a note issued to investors on Monday. Avondale Partners analyst L. Pfeffer anticipates that the firm will post earnings per share of $2.42 for the quarter.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.82 by $0.24. The firm earned $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. United Rentals’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS.
A number of other equities research analysts also recently commented on the stock. Barclays PLC increased their price objective on shares of United Rentals from $81.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday. Argus assumed coverage on shares of United Rentals in a research report on Tuesday, October 4th. They issued a “buy” rating and a $90.00 price objective on the stock. OTR Global raised shares of United Rentals from a “mixed” rating to a “positive” rating in a research report on Friday, September 23rd. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Finally, Deutsche Bank AG assumed coverage on shares of United Rentals in a research report on Tuesday, September 6th. They issued a “hold” rating and a $79.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $75.74.
United Rentals (NYSE:URI) traded up 0.53% during midday trading on Wednesday, hitting $79.92. The stock had a trading volume of 383,630 shares. United Rentals has a 52-week low of $41.90 and a 52-week high of $84.63. The firm has a market capitalization of $6.89 billion, a P/E ratio of 12.05 and a beta of 2.61. The firm has a 50-day moving average of $79.42 and a 200 day moving average of $71.20.
In related news, CFO William B. Plummer sold 15,811 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $78.74, for a total value of $1,244,958.14. Following the completion of the sale, the chief financial officer now owns 73,209 shares in the company, valued at $5,764,476.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Kneeland sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $76.35, for a total transaction of $1,527,000.00. Following the completion of the sale, the insider now owns 387,169 shares of the company’s stock, valued at approximately $29,560,353.15. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of United Rentals by 1.1% in the first quarter. State Street Corp now owns 3,776,170 shares of the company’s stock valued at $234,846,000 after buying an additional 39,464 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of United Rentals by 3.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,789,781 shares of the company’s stock valued at $173,496,000 after buying an additional 102,790 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of United Rentals by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,131,681 shares of the company’s stock valued at $143,022,000 after buying an additional 427,970 shares during the period. Bank of Montreal Can bought a new stake in shares of United Rentals during the second quarter valued at approximately $121,012,000. Finally, BlackRock Fund Advisors boosted its stake in shares of United Rentals by 3.4% in the second quarter. BlackRock Fund Advisors now owns 1,457,533 shares of the company’s stock valued at $97,800,000 after buying an additional 48,212 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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