Michael Kneeland Sells 30,000 Shares of United Rentals, Inc. (URI) Stock
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.
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