Lombard Odier Asset Management Switzerland SA decreased its position in United Rentals, Inc. (NYSE:URI) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,371 shares of the construction company’s stock after selling 1,279 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in United Rentals were worth $1,095,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Fieldpoint Private Securities LLC bought a new position in shares of United Rentals during the 3rd quarter valued at approximately $119,000. First Dallas Securities Inc. bought a new position in United Rentals in the 4th quarter worth approximately $129,000. Cypress Capital Management LLC WY raised its holdings in shares of United Rentals by 73.0% during the 4th quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock worth $132,000 after acquiring an additional 325 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of United Rentals by 63.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock worth $166,000 after acquiring an additional 374 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of United Rentals during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.22% of the company’s stock.
United Rentals, Inc. (NYSE:URI) traded down $1.83 during mid-day trading on Wednesday, hitting $184.82. The company had a trading volume of 889,614 shares, compared to its average volume of 1,417,918. 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 stock has a market cap of $15,756.74, a P/E ratio of 11.76, a PEG ratio of 0.66 and a beta of 2.53. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $190.74.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.25 by $0.09. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. United Rentals’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.67 EPS. sell-side analysts expect that United Rentals, Inc. will post 15.22 EPS for the current fiscal year.
URI has been the topic of several recent research reports. Buckingham Research increased 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. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price objective on the stock in a research report on Thursday, February 1st. Stifel Nicolaus reissued a “buy” rating and set a $171.00 price target on shares of United Rentals in a research report on Thursday, December 14th. Barclays started coverage on United Rentals in a research report on Tuesday, December 12th. They set an “underweight” rating and a $150.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. United Rentals currently has a consensus rating of “Buy” and a consensus price target of $180.18.
In related news, CFO William B. Plummer sold 50,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 55,926 shares in the company, valued at approximately $10,507,376.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Kneeland sold 25,421 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $162.76, for a total value of $4,137,521.96. Following the sale, the insider now owns 245,286 shares in the company, valued at approximately $39,922,749.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,869 shares of company stock valued at $22,797,475. 1.20% of the stock is owned by company insiders.
United Rentals Company 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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