Brian Mcauley Sells 8,000 Shares of United Rentals Inc. (URI) Stock
United Rentals Inc. (NYSE:URI) Director Brian Mcauley sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $86.63, for a total value of $693,040.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Brian Mcauley also recently made the following trade(s):
- On Thursday, August 25th, Brian Mcauley sold 4,000 shares of United Rentals stock. The shares were sold at an average price of $81.09, for a total value of $324,360.00.
Shares of United Rentals Inc. (NYSE:URI) opened at 91.20 on Monday. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 14.07 and a beta of 2.41. United Rentals Inc. has a one year low of $41.90 and a one year high of $92.80. The stock’s 50 day moving average price is $77.84 and its 200 day moving average price is $73.73.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.14. The company earned $1.51 billion during the quarter, compared to analysts’ expectations of $841 million. United Rentals had a return on equity of 48.98% and a net margin of 10.10%. United Rentals’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.57 earnings per share. On average, equities analysts anticipate that United Rentals Inc. will post $8.29 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on URI shares. Deutsche Bank AG started coverage on United Rentals in a research note on Tuesday, September 6th. They issued a “hold” rating and a $79.00 price objective on the stock. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research note on Thursday, September 22nd. OTR Global raised United Rentals from a “mixed” rating to a “positive” rating in a research note on Friday, September 23rd. Royal Bank Of Canada raised their price objective on United Rentals from $68.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, July 22nd. Finally, Argus started coverage on United Rentals in a research note on Tuesday, October 4th. They issued a “buy” rating and a $90.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. United Rentals presently has an average rating of “Hold” and an average target price of $79.64.
Several hedge funds and other institutional investors have recently bought and sold shares of URI. Calamos Advisors LLC purchased a new position in United Rentals during the second quarter valued at $36,853,000. Boston Private Wealth LLC boosted its position in United Rentals by 24.5% in the second quarter. Boston Private Wealth LLC now owns 206,715 shares of the company’s stock valued at $13,871,000 after buying an additional 40,708 shares in the last quarter. Panagora Asset Management Inc. boosted its position in United Rentals by 12.8% in the first quarter. Panagora Asset Management Inc. now owns 576,903 shares of the company’s stock valued at $35,878,000 after buying an additional 65,631 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in United Rentals during the second quarter valued at $15,205,000. Finally, Magnetar Financial LLC boosted its position in United Rentals by 34.6% in the first quarter. Magnetar Financial LLC now owns 7,461 shares of the company’s stock valued at $464,000 after buying an additional 1,917 shares in the last quarter. 96.92% of the stock is owned by institutional investors.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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