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.

ILLEGAL ACTIVITY NOTICE: “United Rentals, Inc. (URI) Director Donald C. Roof Sells 4,500 Shares” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/02/united-rentals-inc-uri-director-donald-c-roof-sells-4500-shares.html.

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.

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.