United Rentals Sees Unusually High Options Volume (URI)
United Rentals, Inc. (NYSE:URI) was the target of unusually large options trading activity on Thursday. Traders acquired 7,969 put options on the company. This is an increase of 226% compared to the typical daily volume of 2,447 put options.
In other news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the transaction, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Achmea Investment Management B.V. boosted its position in shares of United Rentals by 80.5% in the second quarter. Achmea Investment Management B.V. now owns 13,164 shares of the construction company’s stock worth $1,482,000 after buying an additional 5,871 shares in the last quarter. United Bank VA bought a new position in shares of United Rentals during the second quarter worth $2,063,000. Toronto Dominion Bank boosted its position in shares of United Rentals by 25.8% in the second quarter. Toronto Dominion Bank now owns 28,628 shares of the construction company’s stock worth $3,226,000 after buying an additional 5,879 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of United Rentals during the second quarter worth $382,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of United Rentals during the second quarter worth $364,000. 93.71% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on URI shares. Evercore ISI raised shares of United Rentals from an “in-line” rating to an “outperform” rating and set a $134.00 price target on the stock in a research note on Monday, May 8th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of United Rentals in a research note on Wednesday, May 24th. ValuEngine raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research note on Tuesday, June 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of United Rentals in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $126.97.
United Rentals (NYSE URI) opened at 120.56 on Friday. The firm has a 50-day moving average of $115.56 and a 200-day moving average of $115.98. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 17.51 and a beta of 2.42. United Rentals has a 12-month low of $70.58 and a 12-month high of $134.28.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. The firm had revenue of $1.60 billion for 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%. United Rentals’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.06 EPS. Equities research analysts forecast that United Rentals will post $9.91 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/03/united-rentals-sees-unusually-high-options-volume-uri.html.
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.
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.