Insider Selling: Brian Mcauley Sells 2,000 Shares of United Rentals Stock (URI)
United Rentals (NYSE:URI) Director Brian Mcauley unloaded 2,000 shares of United Rentals stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $118.49, for a total transaction of $236,980.00. Following the transaction, the director now directly owns 24,312 shares in the company, valued at approximately $2,880,729. The transaction was disclosed in a filing with the SEC, which is available at this link.
URI has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $108.58.
United Rentals (NYSE:URI) traded down 0.58% on Wednesday, hitting $117.64. 786,679 shares of the company’s stock traded hands. United Rentals has a 52 week low of $52.39 and a 52 week high of $119.18. The stock’s 50-day moving average is $110.8 and its 200-day moving average is $99.27. The company has a market cap of $11.283 billion and a price-to-earnings ratio of 28.69.
United Rentals (NYSE:URI) last issued its quarterly earnings results 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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