Empire Life Investments Inc. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,474 shares of the construction company’s stock after selling 4,289 shares during the period. Empire Life Investments Inc.’s holdings in United Rentals were worth $4,379,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Stone Ridge Asset Management LLC acquired a new position in United Rentals during the fourth quarter worth $2,837,000. Kendall Capital Management acquired a new position in United Rentals during the fourth quarter worth $1,423,000. Guggenheim Capital LLC grew its holdings in United Rentals by 6.4% during the fourth quarter. Guggenheim Capital LLC now owns 430,930 shares of the construction company’s stock worth $74,082,000 after acquiring an additional 26,035 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in United Rentals by 8.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 71,156 shares of the construction company’s stock worth $8,106,000 after acquiring an additional 5,400 shares during the period. Finally, Brandywine Global Investment Management LLC grew its holdings in United Rentals by 2.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 76,522 shares of the construction company’s stock worth $13,155,000 after acquiring an additional 2,034 shares during the period. 90.22% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Jenne K. Britell sold 2,740 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $185.50, for a total transaction of $508,270.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Singleton B. Mcallister sold 2,200 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $163.67, for a total value of $360,074.00. The disclosure for this sale can be found here. Insiders have sold 76,840 shares of company stock worth $13,532,337 over the last quarter. 1.20% of the stock is currently owned by company insiders.
Shares of United Rentals, Inc. (NYSE:URI) opened at $189.40 on Monday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. United Rentals, Inc. has a 12-month low of $100.62 and a 12-month high of $189.56. The stock has a market capitalization of $15,990.60, a price-to-earnings ratio of 12.06, a PEG ratio of 0.67 and a beta of 2.53.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business earned $2.67 earnings per share. The business’s revenue was up 26.2% on a year-over-year basis. sell-side analysts anticipate that United Rentals, Inc. will post 15.22 EPS for the current fiscal year.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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