United Rentals, Inc. (NYSE:URI) insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of United Rentals, Inc. (NYSE:URI) traded down 0.77% on Monday, reaching $118.39. 1,355,798 shares of the company’s stock were exchanged. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 17.20 and a beta of 2.42. United Rentals, Inc. has a one year low of $70.58 and a one year high of $134.28. The company’s 50 day moving average is $110.17 and its 200-day moving average is $116.51.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. On average, analysts anticipate that United Rentals, Inc. will post $9.81 EPS for the current year.

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URI has been the subject of a number of recent research reports. Vetr upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price objective for the company in a report on Monday, May 1st. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a research note on Thursday, March 30th. Bank of America Corporation raised shares of United Rentals from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $120.00 target price (down from $131.00) on shares of United Rentals in a research note on Sunday, April 23rd. Finally, Evercore ISI raised shares of United Rentals from an “in-line” rating to an “outperform” rating and set a $134.00 target price on the stock in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $124.85.

Several institutional investors have recently made changes to their positions in URI. UBS Asset Management Americas Inc. raised its position in shares of United Rentals by 18.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 333,010 shares of the construction company’s stock valued at $35,160,000 after buying an additional 52,457 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $645,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $288,000. Chevy Chase Trust Holdings Inc. raised its position in shares of United Rentals by 5.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 74,234 shares of the construction company’s stock valued at $9,283,000 after buying an additional 3,650 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in shares of United Rentals by 370.1% in the first quarter. Fulton Bank N.A. now owns 9,092 shares of the construction company’s stock valued at $1,137,000 after buying an additional 7,158 shares in the last quarter. Hedge funds and other institutional investors own 93.98% 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.

Insider Buying and Selling by Quarter for United Rentals (NYSE:URI)

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