William B. Plummer Sells 24,788 Shares of United Rentals Inc. (URI) Stock
United Rentals Inc. (NYSE:URI) insider William B. Plummer sold 24,788 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $86.24, for a total value of $2,137,717.12. Following the completion of the transaction, the insider now owns 36,482 shares of the company’s stock, valued at $3,146,207.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of United Rentals Inc. (NYSE:URI) opened at 91.20 on Monday. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 14.07 and a beta of 2.41. The firm has a 50-day moving average price of $77.84 and a 200-day moving average price of $73.73. United Rentals Inc. has a 1-year low of $41.90 and a 1-year high of $92.80.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.14. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $841 million. United Rentals had a return on equity of 48.98% and a net margin of 10.10%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. Equities analysts forecast that United Rentals Inc. will post $8.29 EPS for the current year.
Several research analysts have weighed in on the company. Goldman Sachs Group Inc. upgraded United Rentals from a “sell” rating to a “neutral” rating and upped their price target for the stock from $66.00 to $90.00 in a research note on Thursday. Axiom Securities restated a “sell” rating on shares of United Rentals in a research note on Tuesday, August 30th. Deutsche Bank AG initiated coverage on United Rentals in a research report on Tuesday, September 6th. They set a “hold” rating and a $79.00 target price for the company. Macquarie initiated coverage on United Rentals in a research report on Thursday, August 25th. They set an “underperform” rating and a $92.00 target price for the company. Finally, Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. United Rentals has a consensus rating of “Hold” and an average price target of $79.64.
Several hedge funds have recently modified their holdings of URI. USA Financial Portformulas Corp purchased a new stake in shares of United Rentals during the third quarter worth about $795,000. Convergence Investment Partners LLC raised its stake in shares of United Rentals by 519.3% in the third quarter. Convergence Investment Partners LLC now owns 20,796 shares of the company’s stock worth $1,632,000 after buying an additional 17,438 shares in the last quarter. Morgan Stanley raised its stake in shares of United Rentals by 18.7% in the third quarter. Morgan Stanley now owns 667,056 shares of the company’s stock worth $52,357,000 after buying an additional 104,911 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of United Rentals by 100.0% in the third quarter. Acrospire Investment Management LLC now owns 3,000 shares of the company’s stock worth $235,000 after buying an additional 1,500 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of United Rentals by 7.5% in the third quarter. Pacer Advisors Inc. now owns 9,542 shares of the company’s stock worth $749,000 after buying an additional 662 shares in the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.
United Rentals Company Profile
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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