What Did This CEO Just Do with Personal Shares of United Rentals (NYSE: URI)?

By Carrie Williams

Today, the President & CEO of United Rentals (NYSE: URI), Michael Kneeland, sold shares of URI for $4.14M.

Following Michael Kneeland’s last URI Sell transaction on July 21, 2014, the stock climbed by 49.4%. In addition to Michael Kneeland, 3 other URI executives reported Sell trades in the last month.

Based on United Rentals’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.77 billion and quarterly net profit of $199 million. In comparison, last year the company earned revenue of $1.51 billion and had a net profit of $187 million. The company has a one-year high of $165.85 and a one-year low of $100.62. URI’s market cap is $13.63B and the company has a P/E ratio of 22.86.

Six different firms, including Axiom and Barclays, currently also have a Sell rating on the stock. Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $159.63, reflecting a 2.9% upside.

The insider sentiment on United Rentals has been negative according to 83 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. is a holding company, which through its subsidiary, 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 segments: General Rentals; and Trench, power and pump.