Shell Asset Management Co. decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 30.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,355 shares of the construction company’s stock after selling 5,790 shares during the period. Shell Asset Management Co.’s holdings in United Rentals were worth $1,484,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. First Manhattan Co. increased its position in United Rentals by 4,204.3% during the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after acquiring an additional 967 shares during the last quarter. Americafirst Capital Management LLC bought a new position in United Rentals during the second quarter valued at $151,000. Huntington National Bank increased its position in United Rentals by 14.2% during the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after acquiring an additional 179 shares during the last quarter. IFP Advisors Inc increased its position in United Rentals by 40.4% during the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after acquiring an additional 478 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in United Rentals by 8.8% during the second quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.
A number of research firms have weighed in on URI. KeyCorp reiterated a “hold” rating on shares of United Rentals in a research report on Friday, October 20th. Citigroup Inc. boosted their target price on shares of United Rentals from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 20th. UBS AG set a $150.00 target price on shares of United Rentals and gave the company a “hold” rating in a research note on Thursday, October 19th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of United Rentals in a research note on Thursday, October 19th. Finally, Bank of America Corporation set a $165.00 target price on shares of United Rentals and gave the company a “buy” rating in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. United Rentals currently has an average rating of “Buy” and an average price target of $144.97.
Shares of United Rentals, Inc. (NYSE:URI) traded down $1.70 during trading on Tuesday, reaching $144.61. 1,313,800 shares of the company’s stock were exchanged, compared to its average volume of 1,598,167. The company has a market capitalization of $12,230.00, a P/E ratio of 14.73, a PEG ratio of 0.89 and a beta of 2.65. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88. United Rentals, Inc. has a fifty-two week low of $90.77 and a fifty-two week high of $149.45.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.27. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 earnings per share. equities research analysts predict that United Rentals, Inc. will post 10.49 EPS for the current year.
United Rentals declared that its Board of Directors has authorized a stock buyback program on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
In other news, COO Matthew John Flannery sold 22,324 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the transaction, the chief operating officer now owns 31,243 shares in the company, valued at $4,606,467.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the transaction, the chief financial officer now owns 38,055 shares in the company, valued at approximately $4,880,934.30. The disclosure for this sale can be found here. Insiders sold 65,433 shares of company stock valued at $9,434,570 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.
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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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