United Rentals, Inc. (NYSE:URI) – Northcoast Research lifted their FY2019 earnings per share (EPS) estimates for shares of United Rentals in a report released on Monday, April 22nd. Northcoast Research analyst J. Healy now anticipates that the construction company will post earnings of $20.52 per share for the year, up from their prior forecast of $19.59. Northcoast Research has a “Neutral” rating on the stock.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.87 earnings per share.
Shares of URI stock opened at $137.53 on Wednesday. United Rentals has a 52 week low of $94.28 and a 52 week high of $175.42. The firm has a market capitalization of $10.97 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.40 and a beta of 2.49. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 3.31.
Institutional investors and hedge funds have recently bought and sold shares of the business. National Pension Service raised its holdings in United Rentals by 9.7% in the fourth quarter. National Pension Service now owns 115,408 shares of the construction company’s stock worth $15,199,000 after purchasing an additional 10,171 shares in the last quarter. UBS Oconnor LLC bought a new position in United Rentals in the fourth quarter worth $2,051,000. Steward Partners Investment Advisory LLC raised its holdings in United Rentals by 4,219.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 34,082 shares of the construction company’s stock worth $3,494,000 after purchasing an additional 33,293 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in United Rentals by 21.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 18,453 shares of the construction company’s stock worth $1,892,000 after purchasing an additional 3,293 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC bought a new position in United Rentals in the third quarter worth $49,000. Institutional investors and hedge funds own 88.02% of the company’s stock.
In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $132.73, for a total value of $3,981,900.00. Following the completion of the transaction, the chief executive officer now owns 202,237 shares in the company, valued at $26,842,917.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Craig Adam Pintoff sold 4,566 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $123.17, for a total value of $562,394.22. Following the completion of the transaction, the executive vice president now owns 17,880 shares of the company’s stock, valued at approximately $2,202,279.60. The disclosure for this sale can be found here. Insiders sold 57,004 shares of company stock valued at $7,354,116 in the last ninety days. 1.00% of the stock is currently owned by insiders.
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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