Insider Selling: United Rentals Director Sells 3,000 Shares of Stock (URI)
United Rentals (NYSE:URI) Director Jason D. Papastavrou sold 3,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $111.12, for a total value of $333,360.00. Following the sale, the director now directly owns 24,844 shares in the company, valued at approximately $2,760,665. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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, July 21st. 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, July 18th. 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, July 18th. They now have a “top pick” rating on the stock. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $108.58.
Shares of United Rentals (NYSE:URI) traded up 1.11% on Wednesday, hitting $110.85. The stock had a trading volume of 993,806 shares. United Rentals has a 1-year low of $52.39 and a 1-year high of $114.95. The stock has a 50-day moving average of $108.2 and a 200-day moving average of $96.5. The company has a market cap of $10.632 billion and a price-to-earnings ratio of 26.58.
United Rentals (NYSE:URI) last released its earnings data on Wednesday, July 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the 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 $6.63 EPS for the current fiscal year.
United Rentals, Inc (NYSE:URI) is a holding company.
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