United Rentals (NYSE:URI) Downgraded by Redburn Atlantic to "Neutral"

United Rentals (NYSE:URI - Get Free Report) was downgraded by stock analysts at Redburn Atlantic from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a $760.00 target price on the construction company's stock. Redburn Atlantic's price objective would suggest a potential upside of 9.34% from the stock's current price.

Several other equities research analysts have also recently weighed in on the company. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and dropped their price objective for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research note on Wednesday, April 16th. Truist Financial lifted their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Robert W. Baird raised their target price on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $753.64.

United Rentals Trading Down 3.0%

Shares of NYSE URI traded down $21.83 during mid-day trading on Friday, hitting $695.09. The stock had a trading volume of 468,449 shares, compared to its average volume of 590,246. The business has a 50 day moving average price of $660.07 and a two-hundred day moving average price of $693.77. United Rentals has a 1 year low of $525.91 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market cap of $45.18 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business earned $9.15 EPS. United Rentals's revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

Insider Buying and Selling at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Institutional Trading of United Rentals

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in United Rentals in the 4th quarter worth about $695,716,000. GAMMA Investing LLC boosted its holdings in shares of United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after acquiring an additional 886,266 shares during the last quarter. Nuveen LLC purchased a new stake in shares of United Rentals during the 1st quarter valued at about $402,291,000. JPMorgan Chase & Co. grew its stake in shares of United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock worth $685,488,000 after acquiring an additional 541,579 shares during the period. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $330,989,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Company Profile

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.