United Rentals, Inc. (NYSE:URI) CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the transaction, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

United Rentals, Inc. (URI) traded up 0.58% during mid-day trading on Friday, hitting $128.10. 1,119,491 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $116.75 and a 200 day moving average of $115.87. The stock has a market capitalization of $10.83 billion, a P/E ratio of 18.61 and a beta of 2.42. United Rentals, Inc. has a 52 week low of $70.58 and a 52 week high of $134.28.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. Equities analysts forecast that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/09/15/william-b-plummer-sells-5301-shares-of-united-rentals-inc-uri-stock.html.

URI has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating on shares of United Rentals in a report on Wednesday, May 24th. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Tuesday, June 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of United Rentals in a research report on Friday, June 9th. Finally, BidaskClub upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $126.97.

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Manhattan Co. lifted its position in United Rentals by 4,204.3% during the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in United Rentals during the 2nd quarter worth about $151,000. Huntington National Bank lifted its position in United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in United Rentals during the 1st quarter worth about $201,000. Finally, Investment Centers of America Inc. acquired a new position in United Rentals during the 1st quarter worth about $203,000. Institutional investors and hedge funds own 93.72% of the company’s stock.

United Rentals Company Profile

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)

Receive News & Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.