American Century Companies Inc. lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 26.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 852,277 shares of the construction company’s stock after purchasing an additional 176,951 shares during the quarter. American Century Companies Inc. owned about 1.05% of United Rentals worth $139,433,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. DNB Asset Management AS increased its position in United Rentals by 2.3% in the 3rd quarter. DNB Asset Management AS now owns 15,346 shares of the construction company’s stock valued at $2,511,000 after acquiring an additional 346 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in United Rentals by 5.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,282 shares of the construction company’s stock valued at $927,000 after acquiring an additional 349 shares during the period. Visionary Asset Management Inc. increased its position in United Rentals by 18.3% in the 3rd quarter. Visionary Asset Management Inc. now owns 2,303 shares of the construction company’s stock valued at $377,000 after acquiring an additional 356 shares during the period. HL Financial Services LLC increased its position in United Rentals by 1.2% in the 2nd quarter. HL Financial Services LLC now owns 30,246 shares of the construction company’s stock valued at $4,465,000 after acquiring an additional 359 shares during the period. Finally, Engineers Gate Manager LP increased its position in United Rentals by 12.5% in the 2nd quarter. Engineers Gate Manager LP now owns 4,100 shares of the construction company’s stock valued at $605,000 after acquiring an additional 454 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.
URI has been the topic of several analyst reports. UBS Group set a $196.00 target price on United Rentals and gave the company a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a research note on Tuesday, July 31st. Bank of America set a $186.00 price target on United Rentals and gave the company a “buy” rating in a research note on Wednesday, July 18th. Buckingham Research raised United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Friday, July 13th. Finally, Citigroup decreased their price target on United Rentals from $200.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 19th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. United Rentals currently has a consensus rating of “Buy” and an average price target of $169.92.
Shares of NYSE URI opened at $126.67 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.45 and a beta of 2.61. United Rentals, Inc. has a 1 year low of $106.48 and a 1 year high of $190.74.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.18. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.03 billion. United Rentals had a return on equity of 39.46% and a net margin of 21.96%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company posted $3.25 EPS. Equities research analysts forecast that United Rentals, Inc. will post 16.17 earnings per share for the current year.
In related news, Director Jenne K. Britell acquired 435 shares of United Rentals stock in a transaction dated Monday, October 22nd. The stock was acquired at an average cost of $115.07 per share, with a total value of $50,055.45. Following the purchase, the director now directly owns 27,497 shares in the company, valued at approximately $3,164,079.79. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total value of $838,900.00. Following the sale, the director now directly owns 12,564 shares of the company’s stock, valued at $2,107,987.92. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
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About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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