Does $119.45 justifies United Rentals, Inc. (URI) shares?

Something Puzzling About United Rentals' Q1 Has UBS Scratching Its Head

Something Puzzling About United Rentals' Q1 Has UBS Scratching Its Head

It dropped, as 58 investors sold United Rentals, Inc. shares while 188 reduced holdings. Norges Bank acquired a new stake in shares of United Rentals during the fourth quarter valued at about $117,257,000. Tredje AP fonden now owns 2,090 shares of the company's stock valued at $140,000 after buying an additional 1,180 shares during the period. APG Asset Management N.V. increased its stake in shares of United Rentals by 238.7% in the third quarter. About 577,477 shares traded. Institutional investors own 95.15% of the company's stock. Within rental revenue, owned equipment rental revenue raised 3.80% year-over-year, reflecting a boost of 7.0% in the volume of equipment on rent partially offset by a 1.40% decrease in rental rates. We have $105.16 PT which if reached, will make NYSE:URI worth $666.40 million less. (URI) has the trading volume of 2.59 Million shares with the average trading volume of 1490 shares. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 18.52 and a beta of 2.49. The firm's 50 day moving average price is $123.79 and its 200-day moving average price is $107.62. United Rentals also was the target of some unusual options trading activity on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. This is an increase of approximately 617% compared to the average daily volume of 1,557 put options. During the same period a year ago, the business posted $1.40 earnings per share. The construction company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.51 by $0.12. United Rentals had a net margin of 9.82% and a return on equity of 50.17%. Adjusted EBITDA was $591.0M and adjusted EBITDA margin1 was 43.6%, reflecting a boost of $7 million and a decrease of 100 basis points, respectively, from the same period previous year. During the same period a year ago, the firm earned $1.40 EPS. Analysts are looking for $6.08 billion in revenue for the year.

TRADEMARK VIOLATION WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and republished in violation of United States and global copyright and trademark laws. The legal version of this report can be accessed at (NASDAQ:URI) to report earnings on April, 19 for the fiscal quarter ending Mar 2017. Sidoti initiated the shares of BEAT in report on Tuesday, September 13 with "Buy" rating. Avondale Partners raised United Rentals from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $124.40 to $145.00 in a research note on Thursday, January 26th.

In terms of earnings per share, 17 analysts have a 2.26 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 17 analysts have a 2.80 EPS mean target and for the quarter ending Sep-17 there are 19 estimates of 9.30 EPS. Finally, Axiom Securities reaffirmed a "sell" rating on shares of United Rentals in a research note on Tuesday, December 27th.

In other United Rentals news, Director Filippo Passerini sold 4,000 shares of the stock in a transaction on Friday, January 27th. The shares were sold at an average price of $127.16, for a total transaction of $605,535.92. Following the completion of the transaction, the insider now owns 331,469 shares of the company's stock, valued at approximately $41,874,478.77. Also, VP Jeffrey J. Fenton sold 4,762 shares of the stock in a transaction dated Friday, January 27th.