United Rentals (URI) Holdings Cut by ETRADE Capital Management LLC

ETRADE Capital Management LLC decreased its holdings in shares of United Rentals (NYSE:URI) by 41.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,253 shares of the construction company’s stock after selling 899 shares during the period. ETRADE Capital Management LLC’s holdings in United Rentals were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atria Investments LLC acquired a new stake in shares of United Rentals in the 4th quarter worth approximately $246,000. Creative Planning grew its holdings in shares of United Rentals by 9.3% in the 4th quarter. Creative Planning now owns 6,274 shares of the construction company’s stock worth $1,079,000 after acquiring an additional 536 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of United Rentals by 7.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 441,440 shares of the construction company’s stock worth $75,888,000 after acquiring an additional 28,709 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of United Rentals by 61.0% in the 4th quarter. State of Alaska Department of Revenue now owns 14,036 shares of the construction company’s stock worth $2,412,000 after acquiring an additional 5,320 shares during the period. Finally, First Manhattan Co. grew its holdings in shares of United Rentals by 26.5% in the 4th quarter. First Manhattan Co. now owns 1,790 shares of the construction company’s stock worth $307,000 after acquiring an additional 375 shares during the period. Institutional investors own 85.60% of the company’s stock.

In other United Rentals news, EVP Dale A. Asplund sold 1,229 shares of the stock in a transaction on Tuesday, March 13th. The stock was 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 of the company’s stock, valued at approximately $3,031,903.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jessica Graziano sold 1,635 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $181.25, for a total value of $296,343.75. Following the transaction, the senior vice president now directly owns 6,457 shares in the company, valued at approximately $1,170,331.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,864 shares of company stock worth $14,991,556. 1.00% of the stock is owned by insiders.

A number of research firms recently weighed in on URI. Bank of America lowered their price target on United Rentals from $230.00 to $186.00 and set a “buy” rating on the stock in a report on Thursday, May 3rd. ValuEngine cut United Rentals from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Morgan Stanley began coverage on United Rentals in a report on Friday, March 2nd. They issued an “overweight” rating and a $194.00 price target on the stock. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price target on the stock in a report on Thursday, February 1st. Finally, Buckingham Research upped their price target on United Rentals from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $188.64.

Shares of NYSE:URI opened at $167.77 on Thursday. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 0.60 and a beta of 2.56. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.92 and a current ratio of 0.97. United Rentals has a one year low of $100.62 and a one year high of $190.74.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 18th. The construction company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.53. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. United Rentals had a return on equity of 39.19% and a net margin of 20.23%. United Rentals’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. equities research analysts forecast that United Rentals will post 15.53 earnings per share for the current year.

United Rentals declared that its Board of Directors has authorized a share repurchase program on Wednesday, April 18th that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 9.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.

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

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