United Rentals Target of Unusually High Options Trading (URI)

United Rentals (NYSE:URI) was the recipient of unusually large options trading on Thursday. Stock investors purchased 13,039 call options on the stock. This represents an increase of 1,322% compared to the typical volume of 917 call options.

URI stock opened at $168.22 on Friday. The firm has a market cap of $15,196.98, a PE ratio of 15.22, a PEG ratio of 0.63 and a beta of 2.52. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. United Rentals has a 52 week low of $100.62 and a 52 week high of $190.74.

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United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 18th. The construction company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.53. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. United Rentals had a return on equity of 41.76% and a net margin of 20.23%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. analysts forecast that United Rentals will post 15.35 earnings per share for the current fiscal year.



Several brokerages have weighed in on URI. ValuEngine upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $194.00 price target on shares of United Rentals in a report on Thursday, January 11th. Bank of America boosted their price target on United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 26th. Stifel Nicolaus boosted their price target on United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. United Rentals has an average rating of “Buy” and a consensus price target of $180.18.

In other United Rentals news, EVP Dale A. Asplund sold 11,439 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $185.13, for a total value of $2,117,702.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William B. Plummer sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $187.88, for a total value of $9,394,000.00. Following the completion of the transaction, the chief financial officer now owns 55,926 shares of the company’s stock, valued at $10,507,376.88. The disclosure for this sale can be found here. Insiders have sold a total of 100,448 shares of company stock valued at $18,659,953 over the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Fulton Bank N.A. increased its holdings in shares of United Rentals by 8.2% during the 4th quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock worth $2,105,000 after buying an additional 932 shares during the last quarter. Virtu Financial LLC purchased a new stake in United Rentals during the 4th quarter worth $1,882,000. MetLife Investment Advisors LLC purchased a new stake in United Rentals during the 4th quarter worth $4,495,000. Prudential Financial Inc. boosted its position in United Rentals by 3.1% during the 3rd quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock worth $61,065,000 after purchasing an additional 13,254 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in United Rentals during the 4th quarter worth $310,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

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About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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