United Rentals (URI) Stock Price Up 8.1% Following Strong Earnings

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United Rentals, Inc. (NYSE:URI)’s share price rose 8.1% during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $138.49 and last traded at $136.00. Approximately 4,726,053 shares traded hands during mid-day trading, an increase of 189% from the average daily volume of 1,633,089 shares. The stock had previously closed at $125.76.

The construction company reported $3.31 EPS for the quarter, beating the Zacks’ consensus estimate of $3.10 by $0.21. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company posted $2.87 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year.

URI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, OTR Global downgraded shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $156.82.

In related news, EVP Paul I. Mcdonnell sold 10,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the completion of the sale, the executive vice president now owns 22,285 shares of the company’s stock, valued at approximately $2,798,773.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jessica Graziano sold 547 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $123.36, for a total transaction of $67,477.92. Following the sale, the chief financial officer now directly owns 11,247 shares of the company’s stock, valued at approximately $1,387,429.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,347 shares of company stock valued at $8,276,837. Corporate insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Pension Service increased its position in United Rentals by 9.7% during the 4th 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 purchased a new position in United Rentals in the 4th quarter worth approximately $2,051,000. Steward Partners Investment Advisory LLC boosted its holdings in United Rentals by 4,219.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 34,082 shares of the construction company’s stock worth $3,494,000 after acquiring an additional 33,293 shares during the period. Douglas Lane & Associates LLC boosted its holdings in United Rentals by 21.7% in the 4th quarter. Douglas Lane & Associates LLC now owns 18,453 shares of the construction company’s stock worth $1,892,000 after acquiring an additional 3,293 shares during the period. Finally, Paradigm Asset Management Co. LLC purchased a new position in United Rentals in the 3rd quarter worth approximately $49,000. 87.51% of the stock is owned by hedge funds and other institutional investors.

The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.36 and a beta of 2.49. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78.

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United Rentals Company Profile (NYSE:URI)

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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