Stifel Nicolaus reissued their buy rating on shares of United Rentals (NYSE:URI) in a research note issued to investors on Thursday. Stifel Nicolaus currently has a $171.00 price target on the construction company’s stock.
A number of other brokerages have also issued reports on URI. Jefferies Group raised their price target on shares of United Rentals from $150.00 to $165.00 and gave the stock a buy rating in a report on Monday, October 16th. Bank of America set a $165.00 price target on shares of United Rentals and gave the stock a buy rating in a report on Thursday, October 19th. UBS set a $150.00 price target on shares of United Rentals and gave the stock a hold rating in a report on Thursday, October 19th. Buckingham Research started coverage on shares of United Rentals in a report on Tuesday, November 21st. They issued a neutral rating and a $154.00 price target on the stock. Finally, Deutsche Bank reissued a hold rating and issued a $157.00 price target (up previously from $130.00) on shares of United Rentals in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $152.04.
United Rentals (URI) opened at $164.29 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.47. United Rentals has a twelve month low of $100.62 and a twelve month high of $165.85. The company has a market cap of $13,894.83, a price-to-earnings ratio of 16.54, a P/E/G ratio of 0.84 and a beta of 2.67.
United Rentals announced that its board has approved a stock buyback program on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
In other news, Director Filippo Passerini sold 3,308 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $143.24, for a total value of $473,837.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Kneeland sold 25,421 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $162.76, for a total transaction of $4,137,521.96. Following the completion of the sale, the insider now directly owns 245,286 shares of the company’s stock, valued at $39,922,749.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,760 shares of company stock valued at $13,873,111. Corporate insiders own 1.20% of the company’s stock.
Several large investors have recently bought and sold shares of URI. Fieldpoint Private Securities LLC purchased a new stake in shares of United Rentals in the 3rd quarter worth about $119,000. Americafirst Capital Management LLC purchased a new position in United Rentals during the 2nd quarter valued at about $151,000. IFP Advisors Inc lifted its position in United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after acquiring an additional 478 shares during the period. First Manhattan Co. lifted its position in United Rentals by 42.9% during the 3rd quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock valued at $196,000 after acquiring an additional 425 shares during the period. Finally, Pacer Advisors Inc. lifted its position in United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after acquiring an additional 145 shares during the period. 91.75% of the stock is owned by hedge funds and other institutional investors.
About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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