United Rentals (URI) Shares Sold by Scout Investments Inc.

Scout Investments Inc. lessened its position in United Rentals (NYSE:URI) by 17.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,157 shares of the construction company’s stock after selling 24,617 shares during the quarter. Scout Investments Inc. owned 0.14% of United Rentals worth $20,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in URI. Signaturefd LLC purchased a new stake in United Rentals during the first quarter valued at about $128,000. First Dallas Securities Inc. purchased a new stake in United Rentals during the fourth quarter valued at about $129,000. Cypress Capital Management LLC WY boosted its position in United Rentals by 73.0% during the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after buying an additional 325 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in United Rentals by 63.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after buying an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in United Rentals by 200.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock valued at $206,000 after buying an additional 800 shares during the period. 85.60% of the stock is currently owned by institutional investors and hedge funds.

United Rentals opened at $173.78 on Tuesday, Marketbeat reports. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 2.75. The stock has a market cap of $14.20 billion, a PE ratio of 16.41, a PEG ratio of 0.59 and a beta of 2.56. United Rentals has a 1-year low of $100.62 and a 1-year high of $190.74.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 18th. The construction company reported $2.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.53. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. United Rentals had a net margin of 20.23% and a return on equity of 39.19%. United Rentals’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. sell-side analysts predict that United Rentals will post 15.53 earnings per share for the current year.

United Rentals announced that its Board of Directors has approved a stock buyback program on Wednesday, April 18th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 9.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other United Rentals news, CFO William B. Plummer sold 50,000 shares of the firm’s stock in a transaction dated 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 directly owns 55,926 shares in the company, valued at $10,507,376.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $169.00, for a total transaction of $5,070,000.00. Following the completion of the sale, the chief executive officer now owns 249,925 shares of the company’s stock, valued at $42,237,325. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,864 shares of company stock valued at $14,991,556. 1.00% of the stock is currently owned by company insiders.

Several analysts have issued reports on the stock. Bank of America cut their price target on shares of United Rentals from $230.00 to $186.00 and set a “buy” rating for the company in a research report on Thursday, May 3rd. UBS upped their price target on shares of United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price target for the company in a research report on Thursday, February 1st. Royal Bank of Canada upped their price target on shares of United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, ValuEngine upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. United Rentals presently has an average rating of “Hold” and an average price target of $188.64.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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