United Rentals, Inc. (NYSE:URI) insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at $36,507,804.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
United Rentals, Inc. (URI) traded up 0.04% during mid-day trading on Friday, hitting $111.86. The stock had a trading volume of 1,411,868 shares. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 16.25 and a beta of 2.43. The company has a 50 day moving average price of $115.82 and a 200-day moving average price of $116.99. United Rentals, Inc. has a one year low of $70.58 and a one year high of $134.28.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the company posted $2.06 EPS. Equities analysts expect that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Whittier Trust Co. raised its stake in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares in the last quarter. First Manhattan Co. raised its stake in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of United Rentals during the first quarter worth approximately $127,000. Contravisory Investment Management Inc. raised its stake in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares in the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of United Rentals during the second quarter worth approximately $151,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on URI. UBS AG restated a “neutral” rating and set a $121.00 target price on shares of United Rentals in a report on Sunday, April 23rd. BidaskClub cut United Rentals from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Stifel Nicolaus upgraded United Rentals from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Friday. Axiom Securities restated a “sell” rating on shares of United Rentals in a report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating on shares of United Rentals in a report on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $124.68.
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.
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