United Rentals, Inc. (URI) Director Donald C. Roof Sells 4,500 Shares
United Rentals, Inc. (NYSE:URI) Director Donald C. Roof sold 4,500 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total value of $647,775.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.27. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 EPS.
United Rentals declared that its board has authorized a share repurchase program on Wednesday, October 18th that allows the company to buyback $373.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
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A number of equities analysts have recently weighed in on the company. BidaskClub downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Bank of America Corporation reiterated a “buy” rating and issued a $145.00 target price (up previously from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada upgraded United Rentals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $128.00 to $138.00 in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $144.97.
Several hedge funds have recently bought and sold shares of the stock. Dumont & Blake Investment Advisors LLC increased its holdings in shares of United Rentals by 0.3% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $604,000 after acquiring an additional 15 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of United Rentals by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after acquiring an additional 24 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of United Rentals by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock worth $708,000 after acquiring an additional 25 shares during the last quarter. Bank of Hawaii increased its holdings in shares of United Rentals by 0.3% during the 2nd quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock worth $1,277,000 after acquiring an additional 30 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of United Rentals by 0.7% during the 2nd quarter. Alps Advisors Inc. now owns 9,511 shares of the construction company’s stock worth $1,072,000 after acquiring an additional 62 shares during the last quarter. 93.28% of the stock is currently owned by institutional investors and hedge funds.
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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