Insider Sale: United Rentals, Inc. (NYSE: URI) VP Sells $102,637.92 in Stock


United Rentals, Inc. (NYSE: URI – Get Rating) Vice Chairman Andrew B. Limoges sold 308 shares of the company in a trade dated Thursday, August 11. The shares were sold at an average price of $333.24, for a total transaction of $102,637.92. As a result of the transaction, the vice president now directly owns 2,070 shares of the company, valued at approximately $689,806.80. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink.

United Rentals inventory up 1.3%

NYSE URI opened at $336.55 on Monday. The stock has a market capitalization of $23.55 billion, a PE ratio of 13.91, a P/E/G ratio of 0.62 and a beta of 1.92. United Rentals, Inc. has a fifty-two week minimum of $230.54 and a fifty-two week maximum of $414.99. The company has a 50-day moving average price of $275.14 and a two-hundred-day moving average price of $302.81. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt ratio of 1.61.

United Rentals (NYSE:URI – Get Rating) last released its results on Wednesday, July 27. The construction company reported EPS of $7.86 for the quarter, beating the consensus estimate of $6.57 by $1.29. The company posted revenue of $2.77 billion in the quarter, versus $2.71 billion expected by analysts. United Rentals recorded a return on equity of 33.79% and a net margin of 16.41%. The company’s revenue increased 21.2% year over year. During the same period a year earlier, the company posted EPS of $4.66. As a group, sell-side analysts expect United Rentals, Inc. to post EPS of 31.03 for the current fiscal year.

A Wall Street analyst gives his opinion

A number of search firms have recently commented on the URI. Citigroup raised its price target on United Rentals shares to $375.00 in a Tuesday, August 9 research note. Morgan Stanley cut its price target on United Rentals from $368.00 to $292.00 and set an “equal weight” rating for the company in a Monday, July 18 report. Deutsche Bank Aktiengesellschaft cut its price target on United Rentals from $421.00 to $396.00 in a Friday, April 29 report. StockNews.com upgraded United Rentals from a “hold” rating to a “buy” rating in a Friday, July 29 report. Finally, KeyCorp raised its price target on United Rentals from $355.00 to $375.00 and gave the stock an “overweight” rating in a Friday, July 29 report. One financial analyst assigned a sell rating to the stock, four assigned a hold rating and five assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $365.00.

Hedge funds weigh on United Rentals

Several institutional investors and hedge funds have recently changed their positions in the company. Csenge Advisory Group increased its stake in United Rentals shares by 3.5% during the 4th quarter. Csenge Advisory Group now owns 916 shares of the construction company valued at $294,000 after buying 31 additional shares in the last quarter. Jackson Creek Investment Advisors LLC increased its stake in United Rentals shares by 1.7% during the second quarter. Jackson Creek Investment Advisors LLC now owns 1,897 shares of the construction company valued at $612,000 after buying 32 additional shares in the last quarter. Quadrant Capital Group LLC increased its stake in the shares of United Rentals by 7.7% during the 1st quarter. Quadrant Capital Group LLC now owns 476 shares of the construction company valued at $169,000 after buying 34 additional shares in the last quarter. Alphastar Capital Management LLC increased its position in United Rentals shares by 2.7% during the second quarter. Alphastar Capital Management LLC now owns 1,566 shares of the construction company valued at $380,000 after acquiring 41 additional shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its position in United Rentals shares by 23.9% during the second quarter. Wolff Wiese Magana LLC now owns 223 shares of the construction company valued at $55,000 after acquiring 43 additional shares last quarter. 89.70% of the shares are currently held by hedge funds and other institutional investors.

About United Rentals

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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, including 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 including pressure washers, water pumps and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.

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Insider buying and selling by quarter for United Rentals (NYSE:URI)



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