TIAA CREF Investment Management LLC trimmed its stake in United Rentals, Inc. (NYSE:URI) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882,145 shares of the construction company’s stock after selling 54,862 shares during the period. TIAA CREF Investment Management LLC owned approximately 1.04% of United Rentals worth $151,650,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fulton Bank N.A. grew its position in shares of United Rentals by 8.2% in the 4th quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock valued at $2,105,000 after buying an additional 932 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of United Rentals in the 4th quarter valued at $1,882,000. Systematic Financial Management LP purchased a new position in shares of United Rentals in the 3rd quarter valued at $13,807,000. State of Wisconsin Investment Board grew its position in shares of United Rentals by 10.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 83,349 shares of the construction company’s stock valued at $11,564,000 after buying an additional 7,735 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of United Rentals by 3.1% in the 3rd quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock valued at $61,065,000 after buying an additional 13,254 shares during the last quarter. 90.22% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO William B. Plummer sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $187.88, for a total value of $9,394,000.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jenne K. Britell sold 2,740 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $185.50, for a total transaction of $508,270.00. The disclosure for this sale can be found here. Insiders sold a total of 100,448 shares of company stock valued at $18,659,953 in the last 90 days. Company insiders own 1.20% of the company’s stock.
URI has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Morgan Stanley started coverage on shares of United Rentals in a research report on Friday, March 2nd. They set an “overweight” rating and a $194.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and set a $194.00 price objective on shares of United Rentals in a research report on Thursday, January 11th. Buckingham Research reissued a “neutral” rating and set a $175.00 price objective (up from $154.00) on shares of United Rentals in a research report on Tuesday, January 9th. Finally, Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $180.18.
Shares of United Rentals, Inc. (URI) opened at $182.91 on Friday. United Rentals, Inc. has a 52 week low of $100.62 and a 52 week high of $190.74. The company has a market cap of $15,603.92, a price-to-earnings ratio of 17.44, a PEG ratio of 0.66 and a beta of 2.53. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.81.
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. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business earned $2.67 EPS. The business’s revenue was up 26.2% on a year-over-year basis. equities research analysts expect that United Rentals, Inc. will post 15.22 earnings per share for the current fiscal year.
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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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