United Rentals, Inc. (NYSE:URI) Director Michael Kneeland sold 38,580 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $129.67, for a total value of $5,002,668.60. Following the completion of the transaction, the director now owns 230,444 shares of the company’s stock, valued at $29,881,673.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Kneeland also recently made the following trade(s):

  • On Thursday, May 9th, Michael Kneeland sold 84,431 shares of United Rentals stock. The shares were sold at an average price of $131.23, for a total value of $11,079,880.13.
  • On Tuesday, February 19th, Michael Kneeland sold 30,000 shares of United Rentals stock. The shares were sold at an average price of $132.73, for a total value of $3,981,900.00.

URI traded down $2.28 on Monday, reaching $124.05. The company’s stock had a trading volume of 1,516,060 shares, compared to its average volume of 1,541,500. The company has a market capitalization of $9.93 billion, a P/E ratio of 7.63, a P/E/G ratio of 0.36 and a beta of 2.56. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $175.42. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.71 and a current ratio of 0.77.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. United Rentals’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.87 earnings per share. As a group, equities research analysts forecast that United Rentals, Inc. will post 19.67 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in United Rentals by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,872,326 shares of the construction company’s stock worth $306,312,000 after buying an additional 112,939 shares in the last quarter. Legal & General Group Plc grew its holdings in United Rentals by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 376,795 shares of the construction company’s stock worth $61,644,000 after acquiring an additional 2,474 shares during the period. Federated Investors Inc. PA grew its holdings in United Rentals by 36.0% during the 3rd quarter. Federated Investors Inc. PA now owns 24,211 shares of the construction company’s stock worth $3,961,000 after acquiring an additional 6,408 shares during the period. DNB Asset Management AS grew its holdings in United Rentals by 76.9% during the 4th quarter. DNB Asset Management AS now owns 27,152 shares of the construction company’s stock worth $2,784,000 after acquiring an additional 11,806 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in United Rentals by 90.7% during the 4th quarter. Meeder Asset Management Inc. now owns 2,020 shares of the construction company’s stock worth $207,000 after acquiring an additional 961 shares during the period. 88.61% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on URI. OTR Global lowered United Rentals to a “positive” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. ValuEngine raised United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley upped their target price on United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $156.91.

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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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