United Rentals COO Matthew John Flannery Unloads 15,906 Shares (URI)
United Rentals (NYSE:URI) COO Matthew John Flannery sold 15,906 shares of the stock on the open market in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $111.06, for a total value of $1,766,520.36. Following the completion of the sale, the chief operating officer now directly owns 64,608 shares of the company’s stock, valued at approximately $7,175,364. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of United Rentals (NYSE:URI) traded down 0.23% on Monday, hitting $111.78. 1,040,162 shares of the company’s stock traded hands. United Rentals has a 52 week low of $52.39 and a 52 week high of $114.95. The stock has a 50-day moving average of $106.2 and a 200-day moving average of $93.09. The company has a market cap of $10.721 billion and a P/E ratio of 27.17.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.47 by $0.57. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that United Rentals will post $6.64 EPS for the current fiscal year.
A number of research firms have recently commented on URI. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of United Rentals in a research note on Monday. They now have a $128.00 price target on the stock, up previously from $110.00. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of United Rentals in a research note on Friday. They now have a $115.00 price target on the stock, up previously from $100.00. Finally, analysts at RBC Capital raised their price target on shares of United Rentals from $110.00 to $128.00 in a research note on Friday. They now have a “top pick” rating on the stock. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. United Rentals currently has a consensus rating of “Buy” and an average target price of $108.68.
United Rentals, Inc (NYSE:URI) is a holding company.
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