Lazard Asset Management LLC lessened its position in United Rentals, Inc. (NYSE:URI) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,641 shares of the construction company’s stock after selling 544 shares during the quarter. Lazard Asset Management LLC owned about 0.09% of United Rentals worth $12,831,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in URI. Fieldpoint Private Securities LLC bought a new position in United Rentals in the 3rd quarter worth $119,000. First Dallas Securities Inc. bought a new position in United Rentals in the 4th quarter worth $129,000. Cypress Capital Management LLC WY raised its holdings in United Rentals by 73.0% in 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 during the period. Bronfman E.L. Rothschild L.P. raised its holdings in United Rentals by 63.4% in 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 during the period. Finally, Trexquant Investment LP bought a new position in United Rentals in the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 90.22% of the company’s stock.
In other United Rentals news, EVP Dale A. Asplund sold 1,229 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $188.13, for a total value of $231,211.77. Following the transaction, the executive vice president now directly owns 16,116 shares in the company, valued at $3,031,903.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO William B. Plummer sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $187.88, for a total transaction of $9,394,000.00. Following the completion of the transaction, the chief financial officer now owns 55,926 shares in the company, valued at $10,507,376.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,869 shares of company stock worth $22,797,475. Company insiders own 1.20% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price target on the stock in a research report on Thursday, February 1st. Bank of America upgraded shares of United Rentals to a “buy” rating and raised their price target for the stock from $165.00 to $195.00 in a research report on Tuesday, December 19th. Buckingham Research assumed coverage on shares of United Rentals in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price target on the stock. Morgan Stanley assumed coverage on shares of United Rentals in a research report on Friday, March 2nd. They issued an “overweight” rating and a $194.00 price target on the stock. Finally, UBS Group raised their price target on shares of United Rentals from $150.00 to $196.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals currently has an average rating of “Buy” and an average target price of $180.18.
Shares of United Rentals, Inc. (URI) traded down $1.83 during trading on Wednesday, hitting $184.82. 889,614 shares of the stock traded hands, compared to its average volume of 1,417,918. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.02 and a current ratio of 1.06. United Rentals, Inc. has a 1-year low of $100.62 and a 1-year high of $190.74. The firm has a market cap of $15,756.74, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.66 and a beta of 2.53.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.09. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The firm’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.67 EPS. sell-side analysts predict that United Rentals, Inc. will post 15.22 earnings per share for the current year.
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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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