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United Rentals tops 1Q profit forecasts

21 Avril 2017

Yet another important factor while evaluating a good buy/sell decision for United Rentals, Inc. (NYSE:URI) for 4,536 shares. Herndon Capital Management Llc invested in 354 shares or 0% of the stock.

Currently, EPS of United Rentals, Inc.

United Rentals, Inc. shares fell $6.45 (-5.40%) to $113.00 in after-hours trading Wednesday following the news. James Investment Research Inc. now owns 446,014 shares of the construction company's stock valued at $35,007,000 after buying an additional 196,353 shares during the last quarter. These holdings make up 94.47% of the company's outstanding shares. Norges Bank acquired a new stake in shares of United Rentals during the fourth quarter valued at about $117,257,000. (NYSE:URI). 1St Glob Inc holds 0.06% of its portfolio in United Rentals, Inc. Hgk Asset Inc reported 0.03% of its portfolio in United Rentals, Inc. About 577,477 shares traded. Hedge funds and other institutional investors own 93.36% of the company's stock. This due to higher rental revenues - thanks to greater volume of equipment on rent, with utilisation oat 66 percent, partly offset by a 1.4 percent fall in rental rates. Finemark Bankshares Tru invested in 793 shares or 0.01% of the stock. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 19.95 and a beta of 2.49. The stock has a 50 day moving average price of $124.03 and a 200 day moving average price of $107.53. Jefferies Group LLC increased their price objective on United Rentals from $130.00 to $150.00 and gave the stock a buy rating in a report on Monday, January 30th. This is an increase of 617% compared to the average daily volume of 1,557 put options. (URI) on Wednesday reported first-quarter profit of $109 million. The company earned $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. United Rentals had a return on equity of 50.17% and a net margin of 9.82%. The firm's quarterly revenue was up 3.5% compared to the same quarter a year ago. Analysts expect that United Rentals, Inc. will post $9.35 EPS for the current fiscal year.

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The results exceeded Wall Street expectations. (URI) stake by 5.35% reported in 2016Q4 SEC filing. Axiom Securities restated a "sell" rating on shares of United Rentals in a research report on Tuesday, January 31st. Zacks Investment Research lowered United Rentals from a buy rating to a hold rating in a report on Thursday, February 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The stock now has an average rating of "Hold" and an average target price of $117.82. Also, VP Jeffrey J. Fenton sold 4,762 shares of the stock in a transaction on Friday, January 27th. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock.

In other news, Director Brian Mcauley sold 3,000 shares of the firm's stock in a transaction dated Thursday, February 2nd. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,822 shares of company stock worth $8,285,451.

United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company is an equipment rental company, which operates throughout the United States and Canada. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.