Today it was reported that a Director at United Rentals (URI), Michael Kneeland, exercised options to sell 84,431 URI shares at $8.31 a share, for a total transaction value of $11.08M. The options were close to expired and Michael Kneeland disposed stocks.
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Based on United Rentals’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.12 billion and quarterly net profit of $175 million. In comparison, last year the company earned revenue of $1.73 billion and had a net profit of $183 million. URI’s market cap is $10.44B and the company has a P/E ratio of 9.56. Currently, United Rentals has an average volume of 1.49M.
The insider sentiment on United Rentals has been negative according to 79 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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United Rentals, Inc. engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.
