United Rentals, Inc. (NYSE:URI) Vice Chairman Andrew B. Limoges sells 308 shares
United Rentals, Inc. (NYSE: URI – Get a rating) Vice Chairman Andrew B. Limoges sold 308 shares in a trade dated Thursday, August 11. The stock was sold at an average price of $333.24, for a total value of $102,637.92. Following 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 an SEC filing, available at this link.
United Rentals inventory up 1.3%
URI stock traded at $4.33 at midday Friday, hitting $336.55. 317,619 shares of the company were traded, against an average volume of 767,310. The stock’s 50-day simple moving average is $274.44 and its 200-day simple moving average is $302.76. United Rentals, Inc. has a 1 year minimum of $230.54 and a 1 year maximum of $414.99. The company has a debt ratio of 1.61, a quick ratio of 0.97 and a current ratio of 1.07. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 13.73, a growth price-to-earnings ratio of 0.60, and a beta of 1.92.
United Rentals (NYSE:URI- Get a rating) last announced its quarterly results on Wednesday, July 27. The construction company reported earnings per share of $7.86 for the quarter, beating consensus analyst estimates of $6.57 from $1.29. The company posted revenue of $2.77 billion in the quarter, versus $2.71 billion expected by analysts. United Rentals posted a net margin of 16.41% and a return on equity of 33.79%. United Rentals quarterly revenue increased 21.2% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $4.66. On average, stock analysts expect United Rentals, Inc. to post earnings per share of 31.03 for the current year.
Institutional entries and exits
A number of hedge funds have recently increased or reduced their stakes in the company. Riverview Trust Co acquired a new position in United Rentals in Q1 worth approximately $25,000. Evoke Wealth LLC increased its stake in United Rentals shares by 173.8% in Q2. Evoke Wealth LLC now owns 115 shares of the construction company valued at $28,000 after buying 73 additional shares in the last quarter. Jackson Grant Investment Advisers Inc. acquired a new position in United Rentals stock in the first quarter worth approximately $32,000. HBC Financial Services PLLC purchased a new stake in shares of United Rentals during the first quarter for a value of approximately $32,000. Finally, Psagot Value Holdings Ltd. Israel acquired a new stake in United Rentals stock during the first quarter worth $32,000. Hedge funds and other institutional investors hold 89.70% of the company’s shares.
Analysts set new price targets
Several analysts have recently released reports on the stock. StockNews.com moved United Rentals shares from a “hold” rating to a “buy” rating in a Friday, July 29 research report. Robert W. Baird raised his price target on United Rentals shares from $247.00 to $312.00 in a Thursday, July 28 research report. 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 research report. 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. Finally, Deutsche Bank Aktiengesellschaft cut its price target on United Rentals from $421.00 to $396.00 in a Friday, April 29 report. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. Based on MarketBeat data, United Rentals has an average rating of “Hold” and an average target price of $365.00.
About United Rentals
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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