William B. Plummer Sells 5,301 Shares of United Rentals, Inc. (URI) Stock
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.
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.
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