Key Points
- United Rentals CEO Matthew John Flannery sold 22,768 shares on April 24 at an average price of $984.98 for a total of ~$22.43 million, reducing his direct holding by 18.55% to 99,980 shares valued at about $98.48 million.
- The company reported Q1 revenue of $3.99 billion (up 7.2% year‑over‑year) and EPS of $9.71, missing consensus estimates of $4.20 billion and $11.47 respectively.
- Corporate actions: the board authorized a $5.0 billion share buyback (up to 8.7% of shares) and declared a quarterly dividend of $1.97 per share (annualized $7.88, ~0.8% yield).
United Rentals, Inc. (NYSE:URI - Get Free Report) VP Andrew Limoges sold 548 shares of the firm's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president directly owned 1,865 shares of the company's stock, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
United Rentals Price Performance
URI stock opened at $975.12 on Friday. The company has a fifty day moving average price of $795.43 and a 200-day moving average price of $842.66. The company has a market capitalization of $61.09 billion, a P/E ratio of 24.88, a PEG ratio of 1.59 and a beta of 1.68. United Rentals, Inc. has a 52-week low of $611.93 and a 52-week high of $1,021.47. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 0.80.
United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business posted $8.86 EPS. United Rentals's revenue was up 7.2% on a year-over-year basis. As a group, equities analysts expect that United Rentals, Inc. will post 46.64 EPS for the current year.
United Rentals announced that its board has authorized a stock buyback program on Wednesday, January 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
United Rentals Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.97 per share. The ex-dividend date is Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals's dividend payout ratio is 20.37%.
Institutional Investors Weigh In On United Rentals
Large investors have recently bought and sold shares of the stock. Woodline Partners LP lifted its stake in shares of United Rentals by 40.0% in the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company's stock valued at $3,458,000 after buying an additional 1,577 shares in the last quarter. Sei Investments Co. lifted its stake in shares of United Rentals by 24.7% in the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company's stock valued at $20,444,000 after buying an additional 5,375 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of United Rentals by 43.6% in the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company's stock valued at $42,233,000 after buying an additional 17,030 shares in the last quarter. HUB Investment Partners LLC lifted its stake in shares of United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company's stock valued at $1,661,000 after buying an additional 223 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in shares of United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company's stock valued at $1,246,000 after buying an additional 1,277 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on URI shares. Royal Bank Of Canada increased their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an "outperform" rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an "overweight" rating in a research report on Friday, January 23rd. KeyCorp raised their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Morgan Stanley restated an "overweight" rating and issued a $1,030.00 price target on shares of United Rentals in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $986.35.
View Our Latest Analysis on United Rentals
Key Stories Impacting United Rentals
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About United Rentals
(
Get Free Report)
United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.
The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.
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