United Rentals, Inc. (NYSE:URI) COO Sells $2,094,663.50 in Stock

United Rentals, Inc. (NYSE:URIGet Rating) COO Dale A. Asplund sold 6,575 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $318.58, for a total value of $2,094,663.50. Following the transaction, the chief operating officer now directly owns 26,666 shares in the company, valued at approximately $8,495,254.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Rentals stock opened at $316.52 on Friday. The business has a fifty day moving average of $330.97 and a two-hundred day moving average of $339.26. The firm has a market cap of $22.85 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.72 and a beta of 1.84. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.47. United Rentals, Inc. has a twelve month low of $285.59 and a twelve month high of $414.99.

United Rentals (NYSE:URIGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The construction company reported $5.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.31 by $0.42. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.44 billion. United Rentals had a return on equity of 30.14% and a net margin of 14.27%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.45 earnings per share. Equities analysts expect that United Rentals, Inc. will post 28.22 earnings per share for the current year.

United Rentals declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Hedge funds have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of United Rentals in the 1st quarter valued at $25,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of United Rentals by 42.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 90 shares of the construction company’s stock valued at $32,000 after acquiring an additional 27 shares during the period. Jackson Grant Investment Advisers Inc. acquired a new position in shares of United Rentals in the 1st quarter valued at $32,000. Quent Capital LLC acquired a new position in shares of United Rentals in the 4th quarter valued at $35,000. Finally, Eagle Bay Advisors LLC increased its position in shares of United Rentals by 430.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 122 shares of the construction company’s stock valued at $41,000 after acquiring an additional 99 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. KeyCorp lowered their price target on United Rentals from $455.00 to $420.00 and set an “overweight” rating for the company in a report on Friday, January 28th. Barclays boosted their price target on United Rentals from $290.00 to $300.00 and gave the company an “underweight” rating in a report on Thursday, January 13th. StockNews.com upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on United Rentals from $421.00 to $396.00 in a report on Friday. Finally, Robert W. Baird boosted their price target on United Rentals from $317.00 to $324.00 in a report on Thursday, January 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $380.62.

United Rentals Company Profile (Get Rating)

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

Featured Articles

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.