United Rentals, Inc. (NYSE:URI) – Equities research analysts at Jefferies Group boosted their FY2018 earnings estimates for shares of United Rentals in a research note issued on Monday. Jefferies Group analyst J. Jordan now forecasts that the construction company will post earnings per share of $12.50 for the year, up from their prior forecast of $11.08. Jefferies Group has a “Buy” rating and a $165.00 price objective on the stock. Jefferies Group also issued estimates for United Rentals’ FY2019 earnings at $14.08 EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine cut United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Bank of America Corporation reaffirmed a “buy” rating and issued a $145.00 price target (up previously from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Monday, July 24th. Citigroup Inc. upped their price target on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, BidaskClub raised United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $140.70.

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United Rentals (NYSE:URI) remained flat at $144.40 on Wednesday. 2,524,974 shares of the company were exchanged. United Rentals has a 1-year low of $70.58 and a 1-year high of $147.60. The firm’s 50 day moving average is $134.17 and its 200-day moving average is $118.29. The stock has a market cap of $12.21 billion, a PE ratio of 20.98 and a beta of 2.46.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 47.50% and a net margin of 9.64%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year.

United Rentals announced that its board has approved a share buyback program on Wednesday, October 18th that allows the company to buyback $373.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $128.26, for a total transaction of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in United Rentals by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 9,531,812 shares of the construction company’s stock worth $1,074,330,000 after acquiring an additional 378,365 shares during the last quarter. BlackRock Inc. grew its position in United Rentals by 3.3% during the 2nd quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock worth $679,080,000 after acquiring an additional 190,803 shares during the last quarter. State Street Corp grew its position in United Rentals by 15.0% during the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after acquiring an additional 763,469 shares during the last quarter. APG Asset Management N.V. grew its position in United Rentals by 36.0% during the 2nd quarter. APG Asset Management N.V. now owns 1,195,466 shares of the construction company’s stock worth $134,741,000 after acquiring an additional 316,256 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in United Rentals by 2.1% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,178,609 shares of the construction company’s stock worth $132,841,000 after acquiring an additional 23,895 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

United Rentals Company Profile

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.

Earnings History and Estimates for United Rentals (NYSE:URI)

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