Michael Kneeland Sells 30,000 Shares of United Rentals, Inc. (NYSE:URI) Stock
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.
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.
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