William B. Plummer Sells 5,301 Shares of United Rentals, Inc. (URI) Stock
United Rentals, Inc. (NYSE:URI) CFO William B. Plummer sold 5,301 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the sale, the chief financial officer now owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
United Rentals, Inc. (NYSE:URI) opened at 128.10 on Friday. The stock’s 50 day moving average price is $116.96 and its 200-day moving average price is $115.87. The firm has a market cap of $10.83 billion, a PE ratio of 18.61 and a beta of 2.42. United Rentals, Inc. has a 12-month low of $70.58 and a 12-month high of $134.28.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
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URI has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating on shares of United Rentals in a report on Friday, July 21st. ValuEngine cut United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of United Rentals in a report on Tuesday, September 5th. Finally, Deutsche Bank AG lifted their price objective on United Rentals from $121.00 to $130.00 and gave the company a “hold” rating in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals presently has a consensus rating of “Buy” and an average target price of $126.97.
Large investors have recently bought and sold shares of the stock. First Manhattan Co. boosted its stake in United Rentals by 4,204.3% during the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after buying an additional 967 shares during the period. Americafirst Capital Management LLC bought a new stake in United Rentals during the second quarter valued at $151,000. Huntington National Bank boosted its stake in United Rentals by 14.2% during the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after buying an additional 179 shares during the period. Eqis Capital Management Inc. bought a new stake in United Rentals during the first quarter valued at $201,000. Finally, Investment Centers of America Inc. bought a new stake in United Rentals during the first quarter valued at $203,000. 93.72% of the stock is owned by institutional investors.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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