United Rentals, Inc. (NYSE:URI) CFO Jessica Graziano sold 547 shares of United Rentals stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $123.36, for a total value of $67,477.92. Following the completion of the transaction, the chief financial officer now owns 11,247 shares of the company’s stock, valued at approximately $1,387,429.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
URI stock traded down $2.50 during trading on Thursday, hitting $121.84. 796,832 shares of the company’s stock were exchanged, compared to its average volume of 1,271,155. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 0.37 and a beta of 2.52. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $190.30. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 3.19.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.08. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.22 billion. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.34 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 19.31 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in United Rentals by 14.5% during the third quarter. Private Advisor Group LLC now owns 5,502 shares of the construction company’s stock worth $900,000 after buying an additional 695 shares during the period. Wells Fargo & Company MN boosted its position in United Rentals by 6.5% during the third quarter. Wells Fargo & Company MN now owns 339,448 shares of the construction company’s stock worth $55,534,000 after purchasing an additional 20,751 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in United Rentals by 20.0% during the third quarter. Janney Montgomery Scott LLC now owns 15,597 shares of the construction company’s stock worth $2,552,000 after purchasing an additional 2,598 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in United Rentals by 35.7% during the third quarter. Commonwealth Equity Services LLC now owns 14,849 shares of the construction company’s stock worth $2,429,000 after purchasing an additional 3,903 shares in the last quarter. Finally, Lincoln National Corp purchased a new stake in United Rentals during the third quarter worth $200,000. Hedge funds and other institutional investors own 85.69% 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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