UBS Group Issues Positive Forecast for United Rentals (NYSE:URI) Stock Price

United Rentals (NYSE:URI - Get Free Report) had its target price upped by investment analysts at UBS Group from $780.00 to $835.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. UBS Group's target price would indicate a potential downside of 4.05% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial boosted their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Bank of America upped their target price on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Evercore ISI decreased their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and a consensus price target of $788.54.

United Rentals Stock Up 8.3%

URI stock traded up $67.03 during trading on Thursday, reaching $870.28. The stock had a trading volume of 907,429 shares, compared to its average volume of 660,422. The company has a market capitalization of $56.57 billion, a P/E ratio of 22.53, a PEG ratio of 1.93 and a beta of 1.69. The firm has a fifty day moving average price of $739.56 and a 200 day moving average price of $690.44. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. United Rentals has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $10.70 EPS. On average, equities analysts anticipate that United Rentals will post 44.8 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president owned 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Institutional Trading of United Rentals

A number of hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in shares of United Rentals during the 4th quarter worth about $244,000. Sei Investments Co. lifted its holdings in shares of United Rentals by 16.2% during the 4th quarter. Sei Investments Co. now owns 21,629 shares of the construction company's stock worth $15,236,000 after acquiring an additional 3,021 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in United Rentals during the 4th quarter valued at about $27,000. Financial Counselors Inc. lifted its holdings in United Rentals by 15.7% during the 4th quarter. Financial Counselors Inc. now owns 6,657 shares of the construction company's stock valued at $4,689,000 after purchasing an additional 902 shares during the last quarter. Finally, Ausdal Financial Partners Inc. bought a new position in United Rentals during the 4th quarter valued at about $216,000. 96.26% of the stock is owned by 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 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.

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