United Rentals, Inc. (NYSE:URI) Director Michael Kneeland sold 22,999 shares of United Rentals stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $151.08, for a total value of $3,474,688.92. Following the completion of the transaction, the director now owns 181,973 shares in the company, valued at $27,492,480.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of URI stock opened at $155.32 on Monday. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $155.74. The stock’s fifty day moving average price is $128.39 and its 200 day moving average price is $124.93. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.71 and a quick ratio of 0.66. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.64 and a beta of 2.68.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.74 by $0.22. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $4.74 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that United Rentals, Inc. will post 19.28 earnings per share for the current year.

A number of research analysts have recently issued reports on URI shares. Morgan Stanley cut their price target on United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Zacks Investment Research upgraded United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price target on the stock in a report on Friday, October 11th. ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Deutsche Bank set a $128.00 price target on United Rentals and gave the company a “hold” rating in a report on Friday, July 19th. Finally, Goldman Sachs Group lifted their price target on United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. United Rentals presently has a consensus rating of “Hold” and an average price target of $137.67.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in United Rentals by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,416,326 shares of the construction company’s stock valued at $1,116,257,000 after purchasing an additional 32,551 shares during the last quarter. Lyrical Asset Management LP grew its stake in United Rentals by 38.0% during the 2nd quarter. Lyrical Asset Management LP now owns 2,220,998 shares of the construction company’s stock valued at $294,571,000 after purchasing an additional 611,715 shares during the last quarter. Bank of America Corp DE grew its stake in United Rentals by 4.3% during the 2nd quarter. Bank of America Corp DE now owns 1,291,332 shares of the construction company’s stock valued at $171,271,000 after purchasing an additional 53,343 shares during the last quarter. Nuveen Asset Management LLC grew its stake in United Rentals by 38,658.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 932,150 shares of the construction company’s stock valued at $123,631,000 after purchasing an additional 929,745 shares during the last quarter. Finally, Morgan Stanley grew its stake in United Rentals by 10.8% during the 2nd quarter. Morgan Stanley now owns 922,224 shares of the construction company’s stock valued at $122,316,000 after purchasing an additional 89,687 shares during the last quarter. Institutional investors and hedge funds own 89.57% of the company’s stock.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Insider Buying and Selling by Quarter for United Rentals (NYSE:URI)

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