Insider Selling: United Rentals Director Sells 2,300 Shares of Stock (URI)
United Rentals (NYSE:URI) Director Jenne K. Britell sold 2,300 shares of United Rentals stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $106.20, for a total value of $244,260.00. Following the completion of the sale, the director now directly owns 49,294 shares of the company’s stock, valued at approximately $5,235,023. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
United Rentals (NYSE:URI) traded down 0.11% on Wednesday, hitting $107.05. The stock had a trading volume of 1,245,037 shares. United Rentals has a 52 week low of $44.85 and a 52 week high of $108.46. The stock’s 50-day moving average is $97.89 and its 200-day moving average is $86.63. The company has a market cap of $10.413 billion and a P/E ratio of 26.73.
United Rentals (NYSE:URI) last released its earnings data on Wednesday, April 16th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.19. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that United Rentals will post $6.50 EPS for the current fiscal year.
A number of analysts have recently weighed in on URI shares. Analysts at Jefferies Group raised their price target on shares of United Rentals from $110.00 to $125.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of United Rentals from $98.00 to $110.00 in a research note on Monday, April 21st. They now have a “top pick” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of United Rentals from $101.00 to $103.00 in a research note on Monday, April 21st. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $95.39.
United Rentals, Inc is a holding company. The Company primarily conducts its operations through its wholly owned subsidiary, United Rentals (NYSE:URI), Inc, and its subsidiaries.
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