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. The specialty segment rents specialty construction products, including trench safety equipment consists of trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; power and heating, ventilating, and air conditioning equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment; fluid solutions equipment for fluid containment, transfer, and treatment; and mobile storage equipment and modular office space. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. It also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. The company sells used equipment through its sales force, brokers, website, directly to manufacturers, and at auctions. The company operates a network of 1,360 rental locations in the United States, Canada, Europe, Australia, and New Zealand. United Rentals, Inc. was incorporated in 1997 and is headquartered in Stamford, Connecticut.
United Rentals Trading Up 1.3 %
Shares of NYSE:URI opened at $323.43 on Monday. The company's fifty day moving average is $272.17 and its 200-day moving average is $302.15. The stock has a market cap of $22.64 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 0.59 and a beta of 1.92. United Rentals has a twelve month low of $230.54 and a twelve month high of $414.99. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 1.61.
United Rentals (NYSE:URI - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The construction company reported $7.86 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $1.29. United Rentals had a net margin of 16.41% and a return on equity of 33.79%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business posted $4.66 earnings per share. The firm's quarterly revenue was up 21.2% on a year-over-year basis. Equities research analysts predict that United Rentals will post 31.03 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on URI shares. Morgan Stanley decreased their price objective on shares of United Rentals from $368.00 to $292.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. UBS Group decreased their price target on shares of United Rentals to $400.00 and set a "na" rating for the company in a report on Tuesday, May 17th. StockNews.com upgraded shares of United Rentals from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Robert W. Baird upped their price target on shares of United Rentals from $247.00 to $312.00 in a report on Thursday, July 28th. Finally, Citigroup decreased their price target on shares of United Rentals from $400.00 to $325.00 in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $360.00.
Insider Buying and Selling
In related news, CFO Jessica Graziano sold 977 shares of the firm's stock in a transaction on Friday, July 29th. The shares were sold at an average price of $325.00, for a total transaction of $317,525.00. Following the sale, the chief financial officer now directly owns 21,587 shares in the company, valued at $7,015,775. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other United Rentals news, CEO Matthew John Flannery sold 19,076 shares of United Rentals stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total value of $5,722,800.00. Following the sale, the chief executive officer now directly owns 86,964 shares in the company, valued at approximately $26,089,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jessica Graziano sold 977 shares of United Rentals stock in a transaction on Friday, July 29th. The shares were sold at an average price of $325.00, for a total transaction of $317,525.00. Following the completion of the sale, the chief financial officer now owns 21,587 shares in the company, valued at $7,015,775. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.
