Great West Life Assurance Co. Can lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 50.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,369 shares of the construction company’s stock after selling 54,312 shares during the period. Great West Life Assurance Co. Can owned 0.06% of United Rentals worth $8,575,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of URI. Janus Henderson Group PLC grew its stake in shares of United Rentals by 131.1% during the second quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock worth $146,992,000 after purchasing an additional 564,954 shares in the last quarter. Columbus Hill Capital Management L.P. acquired a new position in shares of United Rentals during the second quarter worth $53,143,000. Capital Growth Management LP acquired a new position in shares of United Rentals during the third quarter worth $55,951,000. Hexavest Inc. grew its stake in shares of United Rentals by 88.3% during the third quarter. Hexavest Inc. now owns 382,766 shares of the construction company’s stock worth $62,621,000 after purchasing an additional 179,514 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of United Rentals by 26.2% during the third quarter. American Century Companies Inc. now owns 852,277 shares of the construction company’s stock worth $139,433,000 after purchasing an additional 176,951 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.
NYSE URI opened at $103.94 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. United Rentals, Inc. has a 1 year low of $102.09 and a 1 year high of $190.74. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 0.37 and a beta of 2.60.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm posted $3.25 earnings per share. United Rentals’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 16.23 EPS for the current fiscal year.
In related news, Director Jenne K. Britell acquired 435 shares of the firm’s stock in a transaction on Monday, October 22nd. The stock was bought at an average price of $115.07 per share, for a total transaction of $50,055.45. Following the completion of the purchase, the director now directly owns 27,497 shares of the company’s stock, valued at approximately $3,164,079.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the transaction, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
A number of equities analysts recently commented on URI shares. Morgan Stanley set a $190.00 target price on shares of United Rentals and gave the stock a “buy” rating in a research note on Friday, October 19th. ValuEngine downgraded shares of United Rentals from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. UBS Group set a $196.00 target price on shares of United Rentals and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Macquarie set a $99.00 target price on shares of United Rentals and gave the stock a “sell” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research reiterated a “hold” rating and set a $134.00 target price on shares of United Rentals in a research note on Saturday, November 17th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $165.69.
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About United Rentals
United Rentals, Inc is a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.
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