Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 208,168 shares of the construction company’s stock after acquiring an additional 25,455 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.25% of United Rentals worth $35,785,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fieldpoint Private Securities LLC bought a new position in shares of United Rentals in the third quarter valued at approximately $119,000. First Dallas Securities Inc. bought a new position in shares of United Rentals in the fourth quarter valued at approximately $129,000. Cypress Capital Management LLC WY raised its position in shares of United Rentals by 73.0% in the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after purchasing an additional 325 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of United Rentals by 63.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after purchasing an additional 374 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of United Rentals in the third quarter valued at approximately $202,000. 90.22% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael Kneeland sold 25,421 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $162.76, for a total transaction of $4,137,521.96. Following the transaction, the insider now owns 245,286 shares of the company’s stock, valued at $39,922,749.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dale A. Asplund sold 1,229 shares of United Rentals stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $188.13, for a total transaction of $231,211.77. Following the sale, the executive vice president now owns 16,116 shares in the company, valued at approximately $3,031,903.08. The disclosure for this sale can be found here. Insiders have sold 125,869 shares of company stock worth $22,797,475 in the last ninety days. 1.20% of the stock is currently owned by insiders.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.25 by $0.09. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $2.67 earnings per share. United Rentals’s revenue was up 26.2% compared to the same quarter last year. analysts expect that United Rentals, Inc. will post 15.22 EPS for the current fiscal year.
A number of equities analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $171.00 price target on shares of United Rentals in a research report on Thursday, December 14th. ValuEngine raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $194.00 price target on shares of United Rentals in a research report on Thursday, January 11th. Bank of America lifted their price target on shares of United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $180.18.
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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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