Advisor Group Inc. reduced its stake in United Rentals, Inc. (NYSE:URI) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,439 shares of the construction company’s stock after selling 1,174 shares during the quarter. Advisor Group Inc.’s holdings in United Rentals were worth $4,372,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in United Rentals by 1.1% during the 4th quarter. BlackRock Inc. now owns 6,041,996 shares of the construction company’s stock worth $1,038,679,000 after buying an additional 63,992 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in United Rentals by 42.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,524,419 shares of the construction company’s stock worth $262,063,000 after buying an additional 450,646 shares in the last quarter. Ameriprise Financial Inc. lifted its position in United Rentals by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 957,326 shares of the construction company’s stock worth $132,805,000 after buying an additional 28,330 shares in the last quarter. Geode Capital Management LLC lifted its position in United Rentals by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 922,079 shares of the construction company’s stock worth $158,196,000 after buying an additional 32,235 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in United Rentals by 16.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 886,171 shares of the construction company’s stock worth $122,947,000 after buying an additional 126,077 shares in the last quarter. 90.22% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Jessica Graziano sold 3,405 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $185.00, for a total transaction of $629,925.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jenne K. Britell sold 2,740 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 74,640 shares of company stock worth $13,172,263 over the last 90 days. 1.20% of the stock is owned by company insiders.
United Rentals, Inc. (NYSE:URI) opened at $186.63 on Tuesday. The firm has a market cap of $15,760.00, a PE ratio of 24.30, a PEG ratio of 0.67 and a beta of 2.53. United Rentals, Inc. has a 52 week low of $100.62 and a 52 week high of $189.56. 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 (NYSE:URI) last released its quarterly earnings data on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.09. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. United Rentals’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.67 EPS. research analysts predict that United Rentals, Inc. will post 15.22 earnings per share for the current fiscal year.
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About United Rentals
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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