United Rentals, Inc. (URI) Director Sells $11,079,880.13 in Stock

United Rentals, Inc. (NYSE:URI) Director Michael Kneeland sold 84,431 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $131.23, for a total value of $11,079,880.13. Following the completion of the sale, the director now directly owns 276,295 shares of the company’s stock, valued at $36,258,192.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Kneeland also recently made the following trade(s):

  • On Tuesday, February 19th, Michael Kneeland sold 30,000 shares of United Rentals stock. The shares were sold at an average price of $132.73, for a total value of $3,981,900.00.

Shares of NYSE URI opened at $127.09 on Wednesday. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $175.42. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.38 and a beta of 2.56. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71.



United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company earned $2.87 earnings per share. United Rentals’s revenue was up 22.1% compared to the same quarter last year. Analysts anticipate that United Rentals, Inc. will post 19.67 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in URI. JPMorgan Chase & Co. grew its holdings in United Rentals by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 1,872,326 shares of the construction company’s stock valued at $306,312,000 after purchasing an additional 112,939 shares during the period. Nordea Investment Management AB grew its holdings in United Rentals by 7.1% during the third quarter. Nordea Investment Management AB now owns 81,175 shares of the construction company’s stock valued at $13,279,000 after purchasing an additional 5,384 shares during the period. Legal & General Group Plc grew its holdings in United Rentals by 0.7% during the third quarter. Legal & General Group Plc now owns 376,795 shares of the construction company’s stock valued at $61,644,000 after purchasing an additional 2,474 shares during the period. Marshall Wace LLP bought a new position in shares of United Rentals in the third quarter worth $1,149,000. Finally, Federated Investors Inc. PA boosted its holdings in shares of United Rentals by 36.0% in the third quarter. Federated Investors Inc. PA now owns 24,211 shares of the construction company’s stock worth $3,961,000 after acquiring an additional 6,408 shares during the period. 88.59% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on URI. ValuEngine raised United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. Morgan Stanley increased their price target on United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, April 17th. Finally, OTR Global downgraded United Rentals to a “positive” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $156.91.

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About United Rentals

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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