United Rentals Inc /de (URI): Dale A Asplund , SVP – Business Services & CIO of United Rentals Inc /de sold 6,500 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $61.33 per share for a total value of $398,651.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 25, 2016, Michael Kneeland (President & C.E.O.) sold 20,000 shares at $63.07 per share price.On Mar 11, 2016, John S Mckinney (director) sold 2,200 shares at $58.18 per share price.Also, On Mar 9, 2016, Jason D Papastavrou (director) purchased 1,000 shares at $56.79 per share price.On Feb 17, 2016, Jose B Alvarez (director) purchased 1,190 shares at $47.42 per share price.
United Rentals: On Friday, May 6, 2016 heightened volatility was witnessed in United Rentals which led to swings in the share price. The shares opened for trading at $59.03 and hit $61.73 on the upside , eventually ending the session at $61.5, with a gain of 0.75% or 0.46 points. The heightened volatility saw the trading volume jump to 26,81,071 shares. The 52-week high of the share price is $105.83 and the company has a market cap of $5,443 M . The 52-week low of the share price is at $41.9.
Company has been under the radar of several Street Analysts.United Rentals is Downgraded by Goldman to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 6, 2016.United Rentals is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.United Rentals is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 22, 2016.
United Rentals Inc. (United Rentals) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary United Rentals (North America) Inc. (URNA) and its subsidiaries. It operates in two segments: general rentals and trench safety power and heating ventilating and air conditioning (HVAC) and pump solutions. The general rentals segment consists of around 12 geographic regions including eastern Canada Gulf South Mid-Atlantic Mid-Central Midwest Mountain West Northeast Pacific West South Southeast and Western Canada among others. The trench safety power and HVAC and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3300 classes of equipment on an hourly daily weekly or monthly basis to construction and industrial companies manufacturers utilities municipalities homeowners Government entities and other customers.