Cushing Asset Management LP lowered its position in United Rentals, Inc. (NYSE:URI) by 31.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,694 shares of the construction company’s stock after selling 34,822 shares during the period. Cushing Asset Management LP owned about 0.09% of United Rentals worth $12,841,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fieldpoint Private Securities LLC bought a new stake in United Rentals during the third quarter valued at about $119,000. First Dallas Securities Inc. bought a new stake in United Rentals during the fourth quarter valued at about $129,000. Cypress Capital Management LLC WY grew its holdings in United Rentals by 73.0% during 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. grew its holdings in United Rentals by 63.4% during 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 stake in United Rentals during the third quarter valued at about $202,000. 90.22% of the stock is owned by institutional investors.
United Rentals, Inc. (URI) opened at $186.65 on Wednesday. The firm has a market capitalization of $15,756.74, a PE ratio of 11.88, a PEG ratio of 0.66 and a beta of 2.53. 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 one year low of $100.62 and a one year high of $190.74.
Several research firms have issued reports on URI. ValuEngine raised United Rentals from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Morgan Stanley began coverage on United Rentals in a report on Friday, March 2nd. They set an “overweight” rating and a $194.00 price target for the company. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price target for the company in a report on Thursday, February 1st. Buckingham Research boosted their price target on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, UBS Group boosted their price target on United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $180.18.
In other news, CFO William B. Plummer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $187.88, for a total value of $9,394,000.00. Following the completion of the transaction, the chief financial officer now owns 55,926 shares of the company’s stock, valued at $10,507,376.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jessica Graziano sold 3,405 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $185.00, for a total value of $629,925.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,869 shares of company stock valued at $22,797,475. Corporate insiders own 1.20% of the company’s stock.
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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