United Rentals, Inc. (NYSE:URI) CFO Jessica Graziano Sells 977 Shares of Stock

United Rentals, Inc. (NYSE:URIGet Rating) CFO Jessica Graziano sold 977 shares of United Rentals stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $325.00, for a total transaction of $317,525.00. Following the sale, the chief financial officer now owns 21,587 shares of the company’s stock, valued at $7,015,775. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

United Rentals Stock Performance

NYSE:URI opened at $319.68 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.97 and a current ratio of 1.07. The company has a fifty day moving average of $268.29 and a two-hundred day moving average of $302.08. The stock has a market capitalization of $22.89 billion, a PE ratio of 13.34, a P/E/G ratio of 0.61 and a beta of 1.92. United Rentals, Inc. has a fifty-two week low of $230.54 and a fifty-two week high of $414.99.

United Rentals (NYSE:URIGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The construction company reported $7.86 earnings per share for the quarter, topping analysts’ consensus estimates of $6.57 by $1.29. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. United Rentals had a net margin of 16.41% and a return on equity of 33.79%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.66 earnings per share. As a group, research analysts forecast that United Rentals, Inc. will post 29.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Rentals

A number of large investors have recently modified their holdings of the business. Lindbrook Capital LLC grew its holdings in shares of United Rentals by 9.8% during the second quarter. Lindbrook Capital LLC now owns 5,728 shares of the construction company’s stock worth $1,391,000 after buying an additional 513 shares in the last quarter. Transatlantique Private Wealth LLC purchased a new stake in shares of United Rentals during the second quarter worth $268,000. Parallel Advisors LLC grew its holdings in shares of United Rentals by 5.2% during the second quarter. Parallel Advisors LLC now owns 1,135 shares of the construction company’s stock worth $276,000 after buying an additional 56 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of United Rentals by 5.7% during the second quarter. Empirical Finance LLC now owns 1,472 shares of the construction company’s stock worth $358,000 after buying an additional 79 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of United Rentals by 1.0% during the second quarter. New York State Teachers Retirement System now owns 99,042 shares of the construction company’s stock worth $24,058,000 after buying an additional 1,008 shares in the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley restated a “maintains” rating and set a $306.00 price objective (up from $292.00) on shares of United Rentals in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Rentals from $421.00 to $396.00 in a research note on Friday, April 29th. Citigroup decreased their target price on shares of United Rentals from $400.00 to $325.00 in a research note on Thursday, July 7th. OTR Global cut shares of United Rentals to a “positive” rating in a research note on Wednesday, June 22nd. Finally, StockNews.com upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $357.90.

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

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