Investors Sell Shares of United Rentals, Inc. (URI) on Strength (URI)

Traders sold shares of United Rentals, Inc. (NYSE:URI) on strength during trading on Thursday. $48.97 million flowed into the stock on the tick-up and $73.40 million flowed out of the stock on the tick-down, for a money net flow of $24.43 million out of the stock. Of all companies tracked, United Rentals had the 20th highest net out-flow for the day. United Rentals traded up $2.33 for the day and closed at $141.24

Several research firms have issued reports on URI. KeyCorp restated a “hold” rating on shares of United Rentals in a research note on Friday, October 20th. UBS Group AG set a $150.00 price objective on shares of United Rentals and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group LLC upped their price objective on shares of United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Axiom Securities restated a “sell” rating on shares of United Rentals in a research note on Thursday, July 13th. Finally, BidaskClub downgraded shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $144.97.

The stock has a market capitalization of $11.94 billion, a PE ratio of 20.52 and a beta of 2.46. The stock has a 50-day moving average of $136.30 and a 200-day moving average of $118.79.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.27. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. United Rentals’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company posted $2.58 EPS. Equities analysts predict that United Rentals, Inc. will post $10.27 EPS for the current fiscal year.

United Rentals announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, Director Filippo Passerini sold 3,308 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total value of $473,837.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $144.72, for a total transaction of $4,341,600.00. Following the completion of the sale, the insider now owns 272,292 shares in the company, valued at $39,406,098.24. The disclosure for this sale can be found here. Insiders sold a total of 38,609 shares of company stock worth $5,495,344 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in URI. Schwab Charles Investment Management Inc. raised its position in shares of United Rentals by 4.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock valued at $48,832,000 after acquiring an additional 16,701 shares during the period. Logan Capital Management Inc. raised its holdings in United Rentals by 1.5% during the 1st quarter. Logan Capital Management Inc. now owns 56,366 shares of the construction company’s stock worth $7,049,000 after buying an additional 808 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in United Rentals during the 1st quarter worth approximately $1,312,000. Peconic Partners LLC raised its holdings in United Rentals by 23.0% during the 1st quarter. Peconic Partners LLC now owns 271,980 shares of the construction company’s stock worth $34,011,000 after buying an additional 50,815 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in United Rentals during the 1st quarter worth approximately $355,000. Institutional investors and hedge funds own 93.58% of the company’s stock.

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About United Rentals

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

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