In a report released today, Jamie Cook from Truist Financial maintained a Buy rating on United Rentals (URI – Research Report). The company’s shares closed yesterday at $655.19.
Cook covers the Industrials sector, focusing on stocks such as Agco, CNH Industrial, and Fluor. According to TipRanks, Cook has an average return of 12.6% and a 63.54% success rate on recommended stocks.
In addition to Truist Financial, United Rentals also received a Buy from Bank of America Securities’s Michael Feniger in a report issued yesterday. However, on the same day, Robert W. Baird reiterated a Sell rating on United Rentals (NYSE: URI).
Based on United Rentals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.55 billion and a net profit of $591 million. In comparison, last year the company earned a revenue of $2.77 billion and had a net profit of $493 million
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.
