Advisor Group Holdings Inc. purchased a new position in United Rentals, Inc. (NYSE:URI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 91,198 shares of the construction company’s stock, valued at approximately $2,313,000. Advisor Group Holdings Inc. owned about 0.13% of United Rentals at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of United Rentals by 2.3% in the first quarter. BlackRock Inc. now owns 5,703,838 shares of the construction company’s stock valued at $586,926,000 after purchasing an additional 130,611 shares during the period. State Street Corp grew its stake in United Rentals by 1.7% during the first quarter. State Street Corp now owns 4,437,023 shares of the construction company’s stock worth $456,570,000 after buying an additional 74,425 shares in the last quarter. Lyrical Asset Management LP grew its stake in United Rentals by 4.7% during the fourth quarter. Lyrical Asset Management LP now owns 2,177,056 shares of the construction company’s stock worth $363,068,000 after buying an additional 98,420 shares in the last quarter. Wells Fargo & Company MN grew its stake in United Rentals by 31.3% during the first quarter. Wells Fargo & Company MN now owns 1,827,114 shares of the construction company’s stock worth $188,010,000 after buying an additional 435,398 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in United Rentals by 3.8% during the first quarter. Geode Capital Management LLC now owns 1,234,081 shares of the construction company’s stock worth $126,752,000 after buying an additional 45,164 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.
A number of equities research analysts have issued reports on URI shares. Deutsche Bank began coverage on shares of United Rentals in a research note on Tuesday. They set a “hold” rating and a $161.00 price objective on the stock. Northcoast Research restated a “neutral” rating on shares of United Rentals in a research note on Friday, May 1st. Cfra reduced their price target on shares of United Rentals from $180.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird began coverage on shares of United Rentals in a research note on Monday, June 8th. They issued an “outperform” rating and a $185.00 price target on the stock. Finally, Jefferies Financial Group downgraded shares of United Rentals from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $110.00 in a research note on Friday, April 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $140.20.
In other news, Director Michael Kneeland sold 41,936 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $155.60, for a total transaction of $6,525,241.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 553 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $162.80, for a total transaction of $90,028.40. Following the sale, the vice president now directly owns 1,953 shares of the company’s stock, valued at approximately $317,948.40. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Shares of NYSE URI opened at $147.72 on Wednesday. The company has a 50 day simple moving average of $140.33 and a 200 day simple moving average of $133.91. The firm has a market cap of $10.64 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.03 and a beta of 2.27. United Rentals, Inc. has a 1 year low of $58.85 and a 1 year high of $170.04. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.11 and a quick ratio of 1.05.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. United Rentals had a net margin of 12.52% and a return on equity of 41.15%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the business earned $3.31 EPS. The company’s revenue was up .4% compared to the same quarter last year. As a group, research analysts anticipate that United Rentals, Inc. will post 11.92 earnings per share for the current fiscal year.
United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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