Macquarie Group Ltd. decreased its position in United Rentals, Inc. (NYSE:URI) by 13.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 184,184 shares of the construction company’s stock after selling 27,497 shares during the quarter. Macquarie Group Ltd. owned 0.22% of United Rentals worth $34,265,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new stake in United Rentals during the 3rd quarter worth about $119,000. First Dallas Securities Inc. bought a new stake in United Rentals during the 4th quarter worth about $129,000. Cypress Capital Management LLC WY grew its holdings in 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 during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in 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 during the last quarter. Finally, Trexquant Investment LP bought a new stake in United Rentals during the 3rd quarter worth about $202,000. 90.20% of the stock is currently owned by institutional investors and hedge funds.
URI stock opened at $185.16 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $190.74. The stock has a market cap of $15,652.89, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.66 and a beta of 2.53.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $2.67 EPS. The company’s revenue was up 26.2% compared to the same quarter last year. equities research analysts anticipate that United Rentals, Inc. will post 15.29 earnings per share for the current year.
In other United Rentals news, CFO William B. Plummer sold 50,000 shares of the company’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 transaction, the chief financial officer now directly owns 55,926 shares in the company, valued at approximately $10,507,376.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dale A. Asplund sold 1,229 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $188.13, for a total transaction of $231,211.77. Following the transaction, the executive vice president now owns 16,116 shares in the company, valued at $3,031,903.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,448 shares of company stock worth $18,659,953. Corporate insiders own 1.20% of the company’s stock.
A number of brokerages have commented on URI. ValuEngine raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Morgan Stanley began coverage on shares of United Rentals in a report on Friday, March 2nd. They set an “overweight” rating and a $194.00 price objective on the stock. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price objective on the stock in a report on Thursday, February 1st. Buckingham Research increased their price objective on shares of United Rentals from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, UBS increased their price objective on shares of United Rentals from $150.00 to $196.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Two research 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $180.18.
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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