Private Advisor Group LLC lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 58.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,025 shares of the construction company’s stock after selling 5,775 shares during the quarter. Private Advisor Group LLC’s holdings in United Rentals were worth $694,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of United Rentals by 3.1% in the third quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock valued at $61,065,000 after acquiring an additional 13,254 shares during the period. Fulton Bank N.A. boosted its position in shares of United Rentals by 8.2% in the fourth quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock valued at $2,105,000 after acquiring an additional 932 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of United Rentals in the third quarter valued at approximately $274,000. Systematic Financial Management LP bought a new stake in shares of United Rentals in the third quarter valued at approximately $13,807,000. Finally, State of Wisconsin Investment Board boosted its position in shares of United Rentals by 10.2% in the third quarter. State of Wisconsin Investment Board now owns 83,349 shares of the construction company’s stock valued at $11,564,000 after acquiring an additional 7,735 shares during the period. 89.45% of the stock is owned by institutional investors.
United Rentals, Inc. (NYSE URI) opened at $171.90 on Thursday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. The company has a market capitalization of $14,540.00, a price-to-earnings ratio of 22.38, a P/E/G ratio of 0.59 and a beta of 2.60. United Rentals, Inc. has a 12 month low of $100.62 and a 12 month high of $189.00.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company posted $2.67 earnings per share. United Rentals’s revenue was up 26.2% on a year-over-year basis. research analysts predict that United Rentals, Inc. will post 15.38 EPS for the current fiscal year.
In other United Rentals news, SVP Jessica Graziano sold 3,405 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $185.00, for a total transaction of $629,925.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jenne K. Britell sold 3,250 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $153.81, for a total value of $499,882.50. The disclosure for this sale can be found here. Insiders have sold 79,212 shares of company stock valued at $13,856,844 over the last quarter. Corporate insiders own 1.20% of the company’s stock.
URI has been the subject of several research reports. Bank of America raised United Rentals to a “buy” rating and increased their price objective for the company from $165.00 to $195.00 in a research report on Tuesday, December 19th. Stifel Nicolaus reissued a “buy” rating and issued a $171.00 price objective on shares of United Rentals in a research report on Thursday, December 14th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Barclays started coverage on United Rentals in a research report on Tuesday, December 12th. They issued an “underweight” rating and a $150.00 price objective for the company. Finally, Buckingham Research upped their target price on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. United Rentals has an average rating of “Buy” and an average price target of $179.12.
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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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