United Rentals (NYSE:URI) has tumbled 5.44% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.6% in the last four weeks. The stocks have underperformed the S&P 500 by 4.31% during the past week but United Rentals (NYSE:URI) it has outperformed the index in 4 weeks by 2.66%.
United Rentals (NYSE:URI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.64 and $67.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.62, notching a gain of 0.91% for the day. The total traded volume was 3,108,914 . The stock had closed at $67.01 on the previous day.
The company shares have dropped -26.44% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $93.35 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $66.77 and the 200 Day Moving Average price is recorded at $61.99.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mcallister Singleton B, director of United Rentals Inc /De, had unloaded 5,600 shares at an average price of $60.69 in a transaction dated on May 13, 2016. The total value of the transaction was worth $339,864.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup maintains its outlook on United Rentals (NYSE:URI). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $72 per share to $85 per share. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 1.3% of United Rentals shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.53% . Institutional Investors own 93.97% of United Rentals shares. During last six month period, the net percent change held by insiders has seen a change of -4.48%.
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 3,300 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.