Guggenheim Capital LLC increased its stake in United Rentals, Inc. (NYSE:URI) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 430,930 shares of the construction company’s stock after purchasing an additional 26,035 shares during the quarter. Guggenheim Capital LLC owned 0.51% of United Rentals worth $74,082,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of URI. DekaBank Deutsche Girozentrale boosted its stake in shares of United Rentals by 8.2% during the 4th 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 last quarter. Brandywine Global Investment Management LLC boosted its stake in shares of United Rentals by 2.7% during the 4th 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 last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of United Rentals during the 4th quarter worth $4,183,000. Dorsey Wright & Associates boosted its stake in shares of United Rentals by 16.2% during the 4th quarter. Dorsey Wright & Associates now owns 39,126 shares of the construction company’s stock worth $6,726,000 after acquiring an additional 5,450 shares during the last quarter. Finally, Granite Springs Asset Management LLC purchased a new position in shares of United Rentals during the 4th quarter worth $1,465,000. Institutional investors own 90.22% of the company’s stock.
United Rentals, Inc. (URI) opened at $189.40 on Monday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.02 and a current ratio of 1.06. United Rentals, Inc. has a one year low of $100.62 and a one year high of $189.56. The firm has a market cap of $15,990.60, a price-to-earnings ratio of 12.06, a P/E/G ratio of 0.67 and a beta of 2.53.
URI has been the topic of several analyst reports. Bank of America upgraded shares of United Rentals to a “buy” rating and lifted their price target for the stock from $165.00 to $195.00 in a research note on Tuesday, December 19th. Stifel Nicolaus reiterated a “buy” rating and set a $171.00 price target on shares of United Rentals in a research note on Thursday, December 14th. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Barclays initiated coverage on shares of United Rentals in a research note on Tuesday, December 12th. They set an “underweight” rating and a $150.00 price target on the stock. Finally, Buckingham Research lifted their price target on shares of United Rentals from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. United Rentals has an average rating of “Buy” and an average price target of $180.18.
In related news, Director Jenne K. Britell sold 2,740 shares of United Rentals stock in a transaction on Monday, January 29th. The shares were sold at an average price of $185.50, for a total transaction of $508,270.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction on Friday, January 26th. The shares were sold at an average price of $182.75, for a total transaction of $5,482,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,840 shares of company stock worth $13,532,337. 1.20% of the stock is owned by corporate insiders.
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United Rentals 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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