United Rentals, Inc. (URI) Director Sells $9,749,860.23 in Stock

United Rentals, Inc. (NYSE:URI) Director Michael Kneeland sold 78,243 shares of United Rentals stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $124.61, for a total transaction of $9,749,860.23. Following the transaction, the director now owns 223,871 shares in the company, valued at approximately $27,896,565.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Monday, May 20th, Michael Kneeland sold 32,007 shares of United Rentals stock. The stock was sold at an average price of $123.68, for a total transaction of $3,958,625.76.
  • On Thursday, May 16th, Michael Kneeland sold 38,580 shares of United Rentals stock. The stock was sold at an average price of $129.67, for a total transaction of $5,002,668.60.
  • On Thursday, May 9th, Michael Kneeland sold 84,431 shares of United Rentals stock. The stock was sold at an average price of $131.23, for a total transaction of $11,079,880.13.

URI stock traded down $3.90 during mid-day trading on Thursday, hitting $118.49. The company had a trading volume of 1,299,256 shares, compared to its average volume of 1,170,165. The stock has a market cap of $9.32 billion, a P/E ratio of 7.29, a PEG ratio of 0.36 and a beta of 2.56. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $173.00. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 3.31.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.87 EPS. On average, analysts anticipate that United Rentals, Inc. will post 19.67 EPS for the current fiscal year.

Several brokerages have recently weighed in on URI. ValuEngine upgraded shares of United Rentals from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 24th. Morgan Stanley lifted their price target on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Northcoast Research reiterated a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. Standpoint Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $156.91.

A number of hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its stake in United Rentals by 8,780.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock worth $62,000 after purchasing an additional 6,251,317 shares in the last quarter. BlackRock Inc. lifted its stake in United Rentals by 2.6% in the 4th quarter. BlackRock Inc. now owns 5,930,671 shares of the construction company’s stock worth $608,071,000 after purchasing an additional 148,206 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in United Rentals by 37.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock worth $243,539,000 after purchasing an additional 641,130 shares in the last quarter. FMR LLC lifted its stake in United Rentals by 2.9% in the 4th quarter. FMR LLC now owns 1,557,250 shares of the construction company’s stock worth $159,665,000 after purchasing an additional 44,492 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in United Rentals by 4.9% in the 1st quarter. Geode Capital Management LLC now owns 1,115,493 shares of the construction company’s stock worth $127,221,000 after purchasing an additional 51,696 shares in the last quarter. Institutional investors and hedge funds own 83.24% of the company’s stock.

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About United Rentals

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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