United Rentals, Inc. (NYSE:URI) insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of United Rentals, Inc. (NYSE URI) traded down 0.77% on Monday, reaching $118.39. The company’s stock had a trading volume of 1,355,798 shares. The stock has a 50-day moving average price of $110.17 and a 200-day moving average price of $116.51. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 17.20 and a beta of 2.42. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $134.28.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $2.06 EPS. On average, equities research analysts forecast that United Rentals, Inc. will post $9.81 EPS for the current year.

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URI has been the subject of several recent analyst reports. Zacks Investment Research downgraded United Rentals from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price target on shares of United Rentals in a report on Friday, June 9th. Citigroup Inc. raised their price target on United Rentals from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 price target on shares of United Rentals in a report on Wednesday, April 12th. Finally, Vetr raised United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price target for the company in a report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals presently has an average rating of “Buy” and an average target price of $124.85.

A number of institutional investors have recently modified their holdings of URI. Gilman Hill Asset Management LLC increased its position in United Rentals by 11.1% in the second quarter. Gilman Hill Asset Management LLC now owns 8,275 shares of the construction company’s stock valued at $933,000 after buying an additional 830 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of United Rentals by 39.5% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 114,945 shares of the construction company’s stock worth $12,586,000 after buying an additional 32,526 shares in the last quarter. Huntington National Bank increased its stake in shares of United Rentals by 14.2% in the second 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. Hermes Investment Management Ltd. acquired a new stake in shares of United Rentals during the second quarter worth approximately $629,000. Finally, Altfest L J & Co. Inc. acquired a new stake in shares of United Rentals during the second quarter worth approximately $864,000. 93.98% of the stock is owned by hedge funds and other institutional investors.

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)

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