Filippo Passerini Sells 8,000 Shares of United Rentals Inc. (URI) Stock
United Rentals Inc. (NYSE:URI) Director Filippo Passerini sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $90.27, for a total transaction of $722,160.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
United Rentals Inc. (NYSE:URI) opened at 94.69 on Tuesday. The firm’s 50-day moving average is $77.84 and its 200 day moving average is $73.73. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 14.61 and a beta of 2.41. United Rentals Inc. has a 1-year low of $41.90 and a 1-year high of $96.60.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 19th. The company reported $2.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.14. United Rentals had a return on equity of 48.98% and a net margin of 10.10%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $841 million. During the same quarter in the prior year, the firm posted $2.57 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that United Rentals Inc. will post $8.29 EPS for the current fiscal year.
Several brokerages have recently weighed in on URI. Jefferies Group set a $80.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a research note on Thursday, July 21st. RBC Capital Markets reiterated a “hold” rating and issued a $80.00 price objective (up previously from $68.00) on shares of United Rentals in a research note on Friday, July 22nd. Royal Bank Of Canada increased their price objective on shares of United Rentals from $68.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. upgraded shares of United Rentals from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $90.00 in a research note on Thursday, November 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $79.64.
Large investors have recently added to or reduced their stakes in the company. Pitcairn Co. raised its stake in United Rentals by 0.4% in the second quarter. Pitcairn Co. now owns 5,795 shares of the company’s stock valued at $388,000 after buying an additional 21 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in United Rentals by 0.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,628 shares of the company’s stock valued at $914,000 after buying an additional 44 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in United Rentals by 0.9% in the second quarter. Gilman Hill Asset Management LLC now owns 5,025 shares of the company’s stock valued at $337,000 after buying an additional 45 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its stake in United Rentals by 0.9% in the second quarter. Meiji Yasuda Life Insurance Co now owns 5,410 shares of the company’s stock valued at $363,000 after buying an additional 50 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in shares of United Rentals by 1.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,406 shares of the company’s stock valued at $296,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.
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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