United Rentals, Inc. (NYSE:URI) EVP Dale A. Asplund sold 1,229 shares of United Rentals stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $188.13, for a total transaction of $231,211.77. Following the transaction, the executive vice president now directly owns 16,116 shares in the company, valued at approximately $3,031,903.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of United Rentals, Inc. (URI) opened at $184.82 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.81. The company has a market cap of $15,758.42, a P/E ratio of 11.76, a P/E/G ratio of 0.66 and a beta of 2.53. United Rentals, Inc. has a 1-year low of $100.62 and a 1-year high of $190.74.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.25 by $0.09. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $2.67 EPS. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. analysts expect that United Rentals, Inc. will post 15.22 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. First Dallas Securities Inc. bought a new stake in United Rentals during the 4th quarter valued at $129,000. Cypress Capital Management LLC WY raised its holdings in United Rentals by 73.0% during the 4th quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after acquiring an additional 325 shares during the period. Fieldpoint Private Securities LLC bought a new stake in United Rentals during the 3rd quarter valued at $119,000. Bronfman E.L. Rothschild L.P. raised its holdings in United Rentals by 63.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after acquiring an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in United Rentals by 200.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock valued at $206,000 after acquiring an additional 800 shares during the period. 90.22% of the stock is currently owned by institutional investors and hedge funds.
URI has been the topic of several recent analyst reports. Bank of America lifted their target price on shares of United Rentals from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Stifel Nicolaus lifted their target price on shares of United Rentals from $171.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Jefferies Group reissued a “buy” rating and set a $210.00 target price on shares of United Rentals in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $194.00 price target on shares of United Rentals in a report on Thursday, January 11th. Finally, ValuEngine raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $180.18.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thelincolnianonline.com/2018/03/15/dale-a-asplund-sells-1229-shares-of-united-rentals-inc-uri-stock.html.
About United Rentals
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.
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.