United Rentals, Inc. (NYSE:URI) insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $182.75, for a total value of $5,482,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Michael Kneeland also recently made the following trade(s):
- On Thursday, December 14th, Michael Kneeland sold 25,421 shares of United Rentals stock. The shares were sold at an average price of $162.76, for a total value of $4,137,521.96.
Shares of United Rentals, Inc. (NYSE URI) traded down $4.90 during mid-day trading on Monday, reaching $180.47. The company had a trading volume of 1,996,642 shares, compared to its average volume of 1,337,947. The firm has a market capitalization of $15,650.36, a PE ratio of 11.49, a PEG ratio of 0.75 and a beta of 2.67. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $189.00. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.02 and a current ratio of 1.06.
United Rentals declared that its board has authorized a share buyback program on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in shares of United Rentals by 3.1% in the third quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock worth $61,065,000 after acquiring an additional 13,254 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of United Rentals in the third quarter worth $274,000. Fulton Bank N.A. raised its holdings in shares of United Rentals by 8.2% in the fourth quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock worth $2,105,000 after acquiring an additional 932 shares during the last quarter. 361 Capital LLC raised its holdings in shares of United Rentals by 22.8% in the second quarter. 361 Capital LLC now owns 90,048 shares of the construction company’s stock worth $10,149,000 after acquiring an additional 16,737 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of United Rentals in the third quarter worth $13,807,000. 91.19% of the stock is owned by institutional investors.
URI has been the topic of a number of analyst reports. Bank of America upgraded United Rentals to a “buy” rating and lifted their price target for the company from $165.00 to $195.00 in a research note on Tuesday, December 19th. Stifel Nicolaus restated a “buy” rating and issued a $171.00 price target on shares of United Rentals in a research note on Thursday, December 14th. Barclays initiated coverage on United Rentals in a research note on Tuesday, December 12th. They issued an “underweight” rating and a $150.00 price target on the stock. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Citigroup lifted their price objective on United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. United Rentals currently has a consensus 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.
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