BT Investment Management Ltd Grows Stake in United Rentals, Inc. (NYSE:URI)

BT Investment Management Ltd boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,691 shares of the construction company’s stock after buying an additional 737 shares during the period. BT Investment Management Ltd owned approximately 0.07% of United Rentals worth $10,261,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in URI. State Street Corp raised its holdings in United Rentals by 15.0% during the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after buying an additional 763,469 shares during the period. Janus Henderson Group PLC raised its holdings in United Rentals by 4,154.0% during the 2nd quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock worth $62,273,000 after buying an additional 539,522 shares during the period. Assenagon Asset Management S.A. raised its holdings in United Rentals by 3,873.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 189,670 shares of the construction company’s stock worth $26,315,000 after buying an additional 184,896 shares during the period. Victory Capital Management Inc. grew its stake in shares of United Rentals by 42.9% during the 3rd quarter. Victory Capital Management Inc. now owns 565,560 shares of the construction company’s stock worth $78,466,000 after acquiring an additional 169,774 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its stake in shares of United Rentals by 1,591,311.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 143,227 shares of the construction company’s stock worth $19,872,000 after acquiring an additional 143,218 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

In related news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $182.75, for a total value of $5,482,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dale A. Asplund sold 11,439 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $185.13, for a total value of $2,117,702.07. The disclosure for this sale can be found here. Insiders have sold 79,212 shares of company stock valued at $13,856,844 in the last three months. Insiders own 1.20% of the company’s stock.

Shares of United Rentals, Inc. (URI) opened at $169.47 on Thursday. United Rentals, Inc. has a twelve month low of $100.62 and a twelve month high of $189.00. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $14,042.85, a price-to-earnings ratio of 10.77, a PEG ratio of 0.58 and a beta of 2.60.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $2.67 earnings per share. The company’s revenue was up 26.2% on a year-over-year basis. research analysts forecast that United Rentals, Inc. will post 15.38 EPS for the current fiscal year.

United Rentals declared that its board has initiated a share buyback plan on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several brokerages have recently weighed in on URI. UBS Group raised their price target on shares of United Rentals from $150.00 to $196.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Buckingham Research raised their price target on shares of United Rentals from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Bank of America raised their price target on shares of United Rentals from $195.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus raised their target price on shares of United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada raised their target price on shares of United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $179.12.

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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.

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

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