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William E. Grace, Executive Vice President and Chief Financial Officer of United Rentals , Inc. (NYSE:URI), recently sold 1,100 shares of the company’s common stock. The sale, conducted on February 24, 2025, brought in a total of approximately $701,908, with an average price per share of $638.10. The transaction comes as URI trades near its current market price of $642.97, with the stock showing significant volatility recently, having declined about 10% in the past week. The transaction occurred within a price range of $637.23 to $639.00. Following this sale, Grace holds 6,880.28 shares in the company. According to InvestingPro analysis, URI currently trades at a P/E ratio of 16.6x and appears to be fairly valued based on its Fair Value model. The company maintains a strong financial health score, with a market capitalization of $42 billion and robust profitability metrics. For deeper insights into insider trading patterns and 12+ additional ProTips, consider exploring the comprehensive URI Pro Research Report.
In other recent news, United Rentals has terminated its merger agreement with H&E Equipment Services. The decision to end the agreement was mutually agreed upon, and H&E is required to pay United Rentals a termination fee of approximately $63.5 million. This development follows United Rentals’ decision not to present a revised acquisition proposal after H&E received a superior offer from Herc Holdings (NYSE:HRI). Herc’s proposal includes a cash and stock merger valued at $104.89 per share, representing a 14% premium over United Rentals’ previous offer. Herc anticipates significant synergies from the deal, which is expected to be accretive to its earnings per share by 2026.
Raymond (NSE:RYMD) James has maintained an Outperform rating on United Rentals, highlighting the company’s disciplined capital allocation strategy. The firm expects United Rentals to focus on its share buyback program, with $250 million remaining under its current authorization and plans for an additional $1.5 billion authorization. United Rentals’ strategic approach is seen as a commitment to delivering long-term value to shareholders. The company will continue to concentrate on profitable growth and robust cash flow generation. These recent developments underscore United Rentals’ focus on strategic financial management and shareholder returns.
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