Donald C. Roof Sells 4,500 Shares of United Rentals, Inc. (URI) Stock

United Rentals, Inc. (NYSE:URI) Director Donald C. Roof sold 4,500 shares of United Rentals stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total value of $647,775.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of United Rentals, Inc. (URI) opened at $144.71 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $12,312.37, a P/E ratio of 14.66, a PEG ratio of 0.89 and a beta of 2.65.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.27. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The company’s revenue was up 17.1% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. equities research analysts expect that United Rentals, Inc. will post 10.49 EPS for the current fiscal year.

United Rentals declared that its board has initiated a stock buyback program on Wednesday, October 18th that authorizes the company to buyback $373.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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A number of analysts have recently weighed in on URI shares. Zacks Investment Research lowered United Rentals from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Jefferies Group LLC raised their target price on United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Bank of America Corporation set a $165.00 target price on United Rentals and gave the company a “buy” rating in a research note on Thursday, October 19th. UBS Group AG (USA) set a $150.00 target price on United Rentals and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Citigroup Inc raised their target price on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. United Rentals currently has a consensus rating of “Buy” and a consensus price target of $144.97.

Several institutional investors have recently bought and sold shares of the company. Dumont & Blake Investment Advisors LLC grew its position in shares of United Rentals by 0.3% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $604,000 after buying an additional 15 shares during the period. Profund Advisors LLC grew its position in shares of United Rentals by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after buying an additional 24 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of United Rentals by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock worth $708,000 after buying an additional 25 shares during the period. Bank of Hawaii grew its position in shares of United Rentals by 0.3% during the 2nd quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock worth $1,277,000 after buying an additional 30 shares during the period. Finally, Alps Advisors Inc. grew its position in shares of United Rentals by 0.7% during the 2nd quarter. Alps Advisors Inc. now owns 9,511 shares of the construction company’s stock worth $1,072,000 after buying an additional 62 shares during the period. Institutional investors own 93.28% of the company’s stock.

About United Rentals

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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