Trading Report: Today, United Rentals Inc. (URI) Director Sold $300,672.00 in Stock

Today, United Rentals Inc. (URI) Director Sold $300,672.00 in Stock

United Rentals Inc. (NYSE:URI) Director Jenne K. Britell sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $93.96, for a total transaction of $300,672.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of United Rentals Inc. (NYSE:URI) opened at 97.35 on Friday. The firm has a 50-day moving average of $81.69 and a 200 day moving average of $75.45. The company has a market capitalization of $8.20 billion, a PE ratio of 15.02 and a beta of 2.41. United Rentals Inc. has a 12 month low of $41.90 and a 12 month high of $97.67.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 19th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.14. The business earned $1.51 billion during the quarter, compared to analyst estimates of $841 million. United Rentals had a return on equity of 48.98% and a net margin of 10.10%. United Rentals’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 earnings per share. On average, equities research analysts expect that United Rentals Inc. will post $8.29 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Pitcairn Co. boosted its stake in shares of United Rentals by 0.4% in the second quarter. Pitcairn Co. now owns 5,795 shares of the company’s stock worth $388,000 after buying an additional 21 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of United Rentals by 0.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,628 shares of the company’s stock worth $914,000 after buying an additional 44 shares during the period. Gilman Hill Asset Management LLC boosted its stake in shares of United Rentals by 0.9% in the second quarter. Gilman Hill Asset Management LLC now owns 5,025 shares of the company’s stock worth $337,000 after buying an additional 45 shares during the period. Meiji Yasuda Life Insurance Co boosted its stake in shares of United Rentals by 0.9% in the second quarter. Meiji Yasuda Life Insurance Co now owns 5,410 shares of the company’s stock worth $363,000 after buying an additional 50 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of United Rentals by 1.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,406 shares of the company’s stock worth $296,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

A number of analysts have recently weighed in on URI shares. Argus started coverage on shares of United Rentals in a research report on Tuesday, October 4th. They set a “buy” rating and a $90.00 price target for the company. Morgan Stanley downgraded shares of United Rentals from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $85.00 to $81.00 in a research report on Monday, October 24th. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Deutsche Bank AG started coverage on shares of United Rentals in a research report on Tuesday, September 6th. They set a “hold” rating and a $79.00 price target for the company. Finally, Goldman Sachs Group Inc. raised shares of United Rentals from a “sell” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $90.00 in a research report on Thursday, November 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.64.

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