United Rentals, Inc. (URI) Director Sells $9,749,860.23 in Stock

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United Rentals, Inc. (NYSE:URI) Director Michael Kneeland sold 78,243 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $124.61, for a total transaction of $9,749,860.23. Following the sale, the director now directly owns 223,871 shares in the company, valued at approximately $27,896,565.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Monday, May 20th, Michael Kneeland sold 32,007 shares of United Rentals stock. The stock was sold at an average price of $123.68, for a total transaction of $3,958,625.76.
  • On Thursday, May 16th, Michael Kneeland sold 38,580 shares of United Rentals stock. The stock was sold at an average price of $129.67, for a total transaction of $5,002,668.60.
  • On Thursday, May 9th, Michael Kneeland sold 84,431 shares of United Rentals stock. The stock was sold at an average price of $131.23, for a total transaction of $11,079,880.13.

NYSE URI traded down $0.19 during mid-day trading on Friday, reaching $118.30. 20,118 shares of the stock were exchanged, compared to its average volume of 1,170,165. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $173.00. The company has a market capitalization of $9.32 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 0.36 and a beta of 2.56. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.71 and a current ratio of 0.77.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.10 by $0.21. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm posted $2.87 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post 19.67 EPS for the current year.

Several research firms have recently commented on URI. ValuEngine raised shares of United Rentals from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on shares of United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $156.91.

A number of hedge funds and other institutional investors have recently made changes to their positions in URI. Icon Wealth Partners LLC acquired a new position in United Rentals during the first quarter worth $26,000. Doyle Wealth Management acquired a new position in United Rentals during the fourth quarter worth $28,000. CNB Bank acquired a new position in United Rentals during the first quarter worth $28,000. CSat Investment Advisory L.P. raised its position in United Rentals by 160.7% during the fourth quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock worth $29,000 after acquiring an additional 172 shares during the period. Finally, Ropes Wealth Advisors LLC acquired a new stake in shares of United Rentals in the first quarter valued at about $32,000. 83.24% of the stock is currently owned by hedge funds and other institutional investors.

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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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Insider Buying and Selling by Quarter for United Rentals (NYSE:URI)

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