United Rentals, Inc. (NYSE:URI) Director Michael Kneeland sold 84,431 shares of United Rentals 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 transaction, the director now directly owns 276,295 shares in the company, valued at approximately $36,258,192.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Kneeland also recently made the following trade(s):
- On Tuesday, February 19th, Michael Kneeland sold 30,000 shares of United Rentals stock. The stock was sold at an average price of $132.73, for a total value of $3,981,900.00.
Shares of URI stock opened at $128.67 on Thursday. United Rentals, Inc. has a twelve month low of $94.28 and a twelve month high of $175.42. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 0.36 and a beta of 2.56. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 3.31.
Several hedge funds have recently made changes to their positions in URI. Icon Wealth Partners LLC purchased a new stake in shares of United Rentals in the first quarter valued at approximately $26,000. Doyle Wealth Management purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $28,000. CNB Bank purchased a new stake in shares of United Rentals in the first quarter valued at approximately $28,000. CSat Investment Advisory L.P. boosted its stake in shares of United Rentals by 160.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock valued at $29,000 after buying an additional 172 shares in the last quarter. Finally, Ropes Wealth Advisors LLC purchased a new stake in shares of United Rentals in the first quarter valued at approximately $32,000. Institutional investors own 88.61% of the company’s stock.
Several research firms have commented on URI. OTR Global lowered United Rentals to a “positive” rating in a research report on Monday, April 1st. Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. ValuEngine raised United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley lifted their target price on United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $156.91.
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United Rentals Company Profile
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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