United Rentals, Inc. (URI) EVP Dale A. Asplund Sells 11,439 Shares

United Rentals, Inc. (NYSE:URI) EVP Dale A. Asplund sold 11,439 shares of United Rentals stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $185.13, for a total value of $2,117,702.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

United Rentals, Inc. (NYSE URI) traded down $4.90 on Monday, hitting $180.47. 1,996,642 shares of the stock traded hands, compared to its average volume of 1,337,947. United Rentals, Inc. has a 12-month low of $100.62 and a 12-month high of $189.00. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $15,650.36, a P/E ratio of 11.49, a P/E/G ratio of 0.75 and a beta of 2.67.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.25 by $0.09. United Rentals had a net margin of 46.67% and a return on equity of 135.33%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $2.67 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. research analysts expect that United Rentals, Inc. will post 13.41 EPS for the current fiscal year.

United Rentals declared that its board has initiated a stock buyback plan on Wednesday, October 18th that authorizes the company to buyback $373.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Profund Advisors LLC increased its holdings in shares of United Rentals by 1.1% during the second quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock valued at $254,000 after acquiring an additional 24 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of United Rentals by 0.4% during the second quarter. Stifel Financial Corp now owns 14,679 shares of the construction company’s stock valued at $1,656,000 after acquiring an additional 64 shares in the last quarter. Kalos Management Inc. increased its holdings in shares of United Rentals by 2.4% during the second quarter. Kalos Management Inc. now owns 4,610 shares of the construction company’s stock valued at $519,000 after acquiring an additional 108 shares in the last quarter. Hermes Investment Management Ltd. increased its holdings in shares of United Rentals by 4.9% during the fourth quarter. Hermes Investment Management Ltd. now owns 6,485 shares of the construction company’s stock valued at $1,115,000 after acquiring an additional 300 shares in the last quarter. Finally, Fagan Associates Inc. increased its holdings in shares of United Rentals by 3.5% during the third quarter. Fagan Associates Inc. now owns 10,695 shares of the construction company’s stock valued at $1,484,000 after acquiring an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 91.19% of the company’s stock.

A number of brokerages have commented on URI. Buckingham Research boosted their target price on shares of United Rentals from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus boosted their target price on shares of United Rentals from $133.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Barclays began coverage on shares of United Rentals in a report on Tuesday, December 12th. They issued an “underweight” rating and a $150.00 target price for the company. Jefferies Group boosted their target price on shares of United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, UBS Group set a $150.00 target price on shares of United Rentals and gave the stock a “hold” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $175.04.

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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.

Insider Buying and Selling by Quarter for United Rentals (NYSE:URI)

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