In a report released today, Kenneth Newman from KeyBanc maintained a Hold rating on United Rentals (URI – Research Report). The company’s shares closed yesterday at $690.92.
According to TipRanks, Newman is a 4-star analyst with an average return of 15.2% and a 74.14% success rate. Newman covers the Industrials sector, focusing on stocks such as Applied Industrial Technologies, Herc Holdings, and United Rentals.
In addition to KeyBanc, United Rentals also received a Hold from Oppenheimer’s Scott Schneeberger in a report issued yesterday. However, on the same day, Truist Financial maintained a Buy rating on United Rentals (NYSE: URI).
URI market cap is currently $44.44B and has a P/E ratio of 18.75.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of URI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
United Rentals (URI) Company Description:
United Rentals, Inc. engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and fluid solutions. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The trench, power and fluid solutions segment includes the rental of specialty construction products and related services. It comprises of Trench Safety region, which rents trench safety equipment such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment for underground work, the Power and HVAC region that rents power and HVAC equipment such as portable diesel generators, electrical distribution equipment, and temperature control equipment including heating and cooling equipment, the Pump Solutions region involves in the rental of pumps primarily used by energy and petrochemical customers. United Rentals was founded by Bradley S. Jacobs in 1997 and is headquartered in Greenwich, CT.
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