Insider Selling: United Rentals, Inc. (NYSE:URI) Insider Sells 30,000 Shares of Stock

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.

Insider Buying and Selling by Quarter for United Rentals (NYSE:URI)

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