United Rentals Inc /de (URI): Michael Kneeland , President and CEO of United Rentals Inc /de sold 20,000 shares on Jul 22, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $76.35 per share for a total value of $1,527,040.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Singleton B Mcallister (director) sold 5,600 shares at $60.69 per share price.On May 10, 2016, Dale A Asplund (SVP – Business Services & CIO) sold 6,500 shares at $61.33 per share price.Also, 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.
United Rentals: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in United Rentals which led to swings in the share price. The shares opened for trading at $68 and hit $70.09 on the upside , eventually ending the session at $69.86, with a gain of 2.84% or 1.93 points. The heightened volatility saw the trading volume jump to 27,74,352 shares. The 52-week high of the share price is $80.79 and the company has a market cap of $6,183 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 Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 80 from a previous price target of $68 .The Rating was issued on Jul 22, 2016.United Rentals is Reiterated by Citigroup to Buy and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $72 .The Rating was issued on Jun 13, 2016.United Rentals is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 71 from a previous price target of $56 .The Rating was issued on Jun 3, 2016.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 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.