Jason D. Papastavrou Sells 13,000 Shares of United Rentals Inc. (URI) Stock
United Rentals Inc. (NYSE:URI) Director Jason D. Papastavrou sold 13,000 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $90.55, for a total value of $1,177,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of United Rentals Inc. (NYSE:URI) opened at 94.14 on Wednesday. United Rentals Inc. has a 52-week low of $41.90 and a 52-week high of $94.18. The firm has a market cap of $7.93 billion, a P/E ratio of 14.52 and a beta of 2.41. The company has a 50 day moving average price of $77.84 and a 200-day moving average price of $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, beating the Zacks’ consensus estimate of $2.44 by $0.14. The business earned $1.51 billion during the quarter, compared to the consensus estimate of $841 million. United Rentals had a return on equity of 48.98% and a net margin of 10.10%. United Rentals’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. On average, analysts expect that United Rentals Inc. will post $8.29 earnings per share for the current fiscal year.
URI has been the subject of several research reports. Barclays PLC lifted their target price on United Rentals from $81.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 12th. RBC Capital Markets reissued a “hold” rating and issued a $80.00 target price (up from $68.00) on shares of United Rentals in a research note on Friday, July 22nd. Bank of America Corp. raised United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 target price for the company in a research note on Thursday, August 18th. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Wednesday, July 27th. Finally, Macquarie initiated coverage on United Rentals in a research note on Thursday, August 25th. They issued an “underperform” rating and a $92.00 target price for the company. Two research 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 stock. The stock currently has an average rating of “Hold” and an average price target of $79.64.
A number of hedge funds have recently bought and sold shares of URI. Acrospire Investment Management LLC increased its stake in United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock worth $103,000 after buying an additional 730 shares during the last quarter. Assetmark Inc. increased its stake in United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock worth $105,000 after buying an additional 272 shares during the last quarter. WFG Advisors LP increased its stake in United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock worth $116,000 after buying an additional 77 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new stake in United Rentals during the second quarter worth $123,000. 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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