Bowling Portfolio Management LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,697 shares of the construction company’s stock after selling 3,660 shares during the quarter. Bowling Portfolio Management LLC’s holdings in United Rentals were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in United Rentals by 3.1% in the third quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock worth $61,065,000 after buying an additional 13,254 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in United Rentals in the third quarter worth $274,000. Fulton Bank N.A. increased its position in United Rentals by 8.2% in the fourth quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock worth $2,105,000 after buying an additional 932 shares during the last quarter. 361 Capital LLC increased its position in United Rentals by 22.8% in the second quarter. 361 Capital LLC now owns 90,048 shares of the construction company’s stock worth $10,149,000 after buying an additional 16,737 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in United Rentals in the third quarter worth $13,807,000. 91.12% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on URI. Jefferies Group reissued a “buy” rating and issued a $210.00 target price on shares of United Rentals in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $194.00 price target on shares of United Rentals in a research report on Thursday, January 11th. Buckingham Research reiterated a “neutral” rating and issued a $175.00 price target (up from $154.00) on shares of United Rentals in a research report on Tuesday, January 9th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Bank of America upgraded United Rentals to a “buy” rating and lifted their price target for the company from $165.00 to $195.00 in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $162.89.
Shares of United Rentals, Inc. (NYSE URI) traded up $2.43 during midday trading on Monday, hitting $183.67. The stock had a trading volume of 1,208,300 shares, compared to its average volume of 1,076,069. The stock has a market capitalization of $15,670.00, a PE ratio of 26.05, a PEG ratio of 0.74 and a beta of 2.67. United Rentals, Inc. has a one year low of $100.62 and a one year high of $184.25. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92.
United Rentals announced that its board has initiated a stock buyback plan on Wednesday, October 18th that allows the company to buyback $373.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
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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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