United Rentals, Inc. (NYSE:URI) Director Michael Kneeland Sells 22,999 Shares

United Rentals, Inc. (NYSE:URI) Director Michael Kneeland sold 22,999 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the completion of the transaction, the director now owns 181,973 shares in the company, valued at $27,492,480.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE URI opened at $155.32 on Friday. The company has a 50 day simple moving average of $128.39 and a 200 day simple moving average of $124.93. The firm has a market cap of $11.05 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.64 and a beta of 2.68. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $155.74. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.71 and a quick ratio of 0.66.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 analyst estimates of $2.46 billion. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business earned $4.74 EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 19.28 earnings per share for the current fiscal year.

Several research firms recently commented on URI. Morgan Stanley decreased their price target on shares of United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Citigroup reissued a “buy” rating and issued a $160.00 target price on shares of United Rentals in a report on Wednesday, September 11th. Royal Bank of Canada set a $150.00 target price on shares of United Rentals and gave the stock a “buy” rating in a report on Friday, October 18th. Macquarie set a $99.00 price objective on shares of United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. Finally, Goldman Sachs Group raised their price objective on shares of United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $137.67.

A number of large investors have recently added to or reduced their stakes in URI. DNB Asset Management AS grew its holdings in United Rentals by 2.8% during the 2nd quarter. DNB Asset Management AS now owns 26,840 shares of the construction company’s stock valued at $3,560,000 after buying an additional 740 shares in the last quarter. Pendal Group Ltd purchased a new position in United Rentals during the 2nd quarter valued at approximately $465,000. Putnam FL Investment Management Co. grew its holdings in United Rentals by 30.9% during the 2nd quarter. Putnam FL Investment Management Co. now owns 3,290 shares of the construction company’s stock valued at $436,000 after buying an additional 777 shares in the last quarter. Lyrical Asset Management LP grew its holdings in United Rentals by 38.0% during the 2nd quarter. Lyrical Asset Management LP now owns 2,220,998 shares of the construction company’s stock valued at $294,571,000 after buying an additional 611,715 shares in the last quarter. Finally, Glen Harbor Capital Management LLC grew its holdings in United Rentals by 49.1% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 18,160 shares of the construction company’s stock valued at $2,409,000 after buying an additional 5,984 shares in the last quarter. 89.57% of the stock is owned by institutional investors and hedge funds.

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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