United Rentals Inc. (URI) Director Jenne K. Britell Sells 3,200 Shares of Stock
United Rentals Inc. (NYSE:URI) Director Jenne K. Britell sold 3,200 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $93.96, for a total value of $300,672.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
United Rentals Inc. (NYSE:URI) traded up 2.56% during midday trading on Wednesday, hitting $96.47. The company’s stock had a trading volume of 483,410 shares. The firm has a market cap of $8.13 billion, a P/E ratio of 14.88 and a beta of 2.41. United Rentals Inc. has a 12 month low of $41.90 and a 12 month high of $96.60. The company’s 50 day moving average price is $81.19 and its 200 day moving average price is $75.29.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.14. The company earned $1.51 billion during the quarter, compared to the consensus estimate of $841 million. United Rentals had a net margin of 10.10% and a return on equity of 48.98%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 earnings per share. Analysts expect that United Rentals Inc. will post $8.29 EPS for the current year.
A number of analysts recently commented on URI shares. Argus started coverage on United Rentals in a research report on Tuesday, October 4th. They issued a “buy” rating and a $90.00 target price for the company. Morgan Stanley lowered United Rentals from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $85.00 to $81.00 in a research report on Monday, October 24th. Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Deutsche Bank AG started coverage on United Rentals in a research report on Tuesday, September 6th. They issued a “hold” rating and a $79.00 target price for the company. Finally, 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 report on Thursday, August 18th. 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 issued a strong buy rating to the company. United Rentals presently has a consensus rating of “Hold” and an average price target of $79.64.
Several large investors have recently made changes to their positions in URI. Acrospire Investment Management LLC increased its stake in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock valued at $103,000 after buying an additional 730 shares during the period. Assetmark Inc. increased its stake in shares of United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock valued at $105,000 after buying an additional 272 shares during the period. WFG Advisors LP increased its stake in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock valued at $116,000 after buying an additional 77 shares during the period. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of United Rentals during the second quarter valued at $123,000. 93.01% 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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