United Rentals, Inc. (NYSE:URI) CEO Sells $5,722,800.00 in Stock

United Rentals, Inc. (NYSE:URIGet Rating) CEO Matthew John Flannery sold 19,076 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total value of $5,722,800.00. Following the completion of the transaction, the chief executive officer now owns 86,964 shares of the company’s stock, valued at $26,089,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

United Rentals Stock Up 5.9 %

URI opened at $322.67 on Friday. United Rentals, Inc. has a 1-year low of $230.54 and a 1-year high of $414.99. The stock’s fifty day simple moving average is $268.29 and its 200 day simple moving average is $302.52. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.40. The stock has a market cap of $23.11 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.58 and a beta of 1.83.

United Rentals (NYSE:URIGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The construction company reported $7.86 earnings per share for the quarter, topping the consensus estimate of $6.57 by $1.29. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. United Rentals had a return on equity of 31.29% and a net margin of 15.22%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.66 EPS. As a group, research analysts expect that United Rentals, Inc. will post 29.65 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. UBS Group decreased their price objective on United Rentals from $400.00 to $365.00 and set a “maintains” rating for the company in a research report on Friday. KeyCorp upped their price target on United Rentals from $355.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday. OTR Global downgraded United Rentals to a “positive” rating in a research report on Wednesday, June 22nd. Morgan Stanley reaffirmed a “maintains” rating and set a $306.00 price target (up previously from $292.00) on shares of United Rentals in a research report on Thursday. Finally, StockNews.com raised United Rentals from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $357.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in United Rentals by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company’s stock worth $2,905,379,000 after buying an additional 186,931 shares during the period. BlackRock Inc. grew its holdings in shares of United Rentals by 1.1% during the 1st quarter. BlackRock Inc. now owns 5,450,665 shares of the construction company’s stock worth $1,936,131,000 after purchasing an additional 59,109 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of United Rentals by 55.7% during the 1st quarter. Capital Research Global Investors now owns 2,693,664 shares of the construction company’s stock worth $956,818,000 after purchasing an additional 964,105 shares in the last quarter. Lyrical Asset Management LP grew its holdings in shares of United Rentals by 0.7% during the 1st quarter. Lyrical Asset Management LP now owns 1,226,642 shares of the construction company’s stock worth $435,716,000 after purchasing an additional 8,847 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in shares of United Rentals by 7.6% during the 1st quarter. AustralianSuper Pty Ltd now owns 989,184 shares of the construction company’s stock worth $351,368,000 after purchasing an additional 70,025 shares in the last quarter. Institutional investors own 89.70% of the company’s stock.

United Rentals Company Profile

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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.

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