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.
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.
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.
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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