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.

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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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