Jason D. Papastavrou Sells 3,036 Shares of United Rentals, Inc. (NYSE:URI) Stock

United Rentals, Inc. (NYSE:URI) Director Jason D. Papastavrou sold 3,036 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $150.05, for a total value of $455,551.80. Following the completion of the sale, the director now directly owns 181,973 shares of the company’s stock, valued at $27,305,048.65. The sale was disclosed in a legal filing with the SEC, which is available through this link.

URI stock opened at $155.32 on Friday. The company has a market capitalization of $11.05 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.64 and a beta of 2.68. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.66 and a current ratio of 0.71. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $155.74. The business has a 50-day simple moving average of $128.39 and a two-hundred day simple moving average of $124.93.

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

A number of hedge funds have recently added to or reduced their stakes in URI. Seelaus Asset Management LLC boosted its stake in shares of United Rentals by 1.0% in the 2nd quarter. Seelaus Asset Management LLC now owns 8,225 shares of the construction company’s stock worth $1,091,000 after buying an additional 80 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of United Rentals by 0.7% in the 2nd quarter. Chesley Taft & Associates LLC now owns 12,360 shares of the construction company’s stock worth $1,639,000 after buying an additional 85 shares during the last quarter. Coastal Investment Advisors Inc. boosted its stake in shares of United Rentals by 11.5% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 861 shares of the construction company’s stock worth $104,000 after buying an additional 89 shares during the last quarter. Citizens Financial Group Inc RI boosted its stake in shares of United Rentals by 74.8% in the 3rd quarter. Citizens Financial Group Inc RI now owns 208 shares of the construction company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in shares of United Rentals by 0.3% in the 2nd quarter. AMP Capital Investors Ltd now owns 31,990 shares of the construction company’s stock worth $4,221,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 89.57% of the company’s stock.

A number of brokerages recently commented on URI. Macquarie set a $99.00 target price on United Rentals and gave the company a “sell” rating in a research report on Friday, July 19th. Citigroup reaffirmed a “buy” rating and issued a $160.00 target price on shares of United Rentals in a research report on Wednesday, September 11th. Morgan Stanley decreased their target price on United Rentals from $168.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Goldman Sachs Group boosted their target price on United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday. Finally, Deutsche Bank set a $128.00 target price on United Rentals and gave the company a “hold” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $137.67.

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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