Sentry Investment Management LLC Takes Position in United Rentals, Inc. (URI)

Share on StockTwits

Sentry Investment Management LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,517 shares of the construction company’s stock, valued at approximately $903,000.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in United Rentals by 31.9% in the second quarter. Wells Fargo & Company MN now owns 318,697 shares of the construction company’s stock valued at $47,046,000 after purchasing an additional 77,055 shares during the last quarter. Nvwm LLC increased its stake in United Rentals by 1,744.7% in the second quarter. Nvwm LLC now owns 2,269 shares of the construction company’s stock valued at $335,000 after purchasing an additional 2,146 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in United Rentals by 116.8% in the second quarter. Canada Pension Plan Investment Board now owns 43,376 shares of the construction company’s stock valued at $6,403,000 after purchasing an additional 23,366 shares during the last quarter. Arvest Bank Trust Division purchased a new position in United Rentals in the second quarter valued at approximately $9,294,000. Finally, Smith Asset Management Group LP increased its stake in United Rentals by 4.2% in the second quarter. Smith Asset Management Group LP now owns 224,295 shares of the construction company’s stock valued at $33,110,000 after purchasing an additional 9,140 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

URI stock opened at $126.67 on Friday. The company has a market capitalization of $10.65 billion, a PE ratio of 11.96, a PEG ratio of 0.46 and a beta of 2.61. United Rentals, Inc. has a twelve month low of $106.48 and a twelve month high of $190.74. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.76.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.56 by $0.18. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.03 billion. United Rentals had a return on equity of 39.46% and a net margin of 21.96%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.25 earnings per share. On average, sell-side analysts predict that United Rentals, Inc. will post 16.17 EPS for the current year.

In other news, Director Jenne K. Britell acquired 435 shares of the firm’s stock in a transaction dated Monday, October 22nd. The stock was acquired at an average cost of $115.07 per share, with a total value of $50,055.45. Following the completion of the acquisition, the director now owns 27,497 shares of the company’s stock, valued at $3,164,079.79. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donald C. Roof sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total value of $838,900.00. Following the completion of the sale, the director now directly owns 12,564 shares of the company’s stock, valued at $2,107,987.92. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on the stock. Morgan Stanley dropped their price target on shares of United Rentals from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Standpoint Research assumed coverage on shares of United Rentals in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $140.00 price target on the stock. Argus upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Monday, October 22nd. Royal Bank of Canada dropped their price target on shares of United Rentals to $188.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Finally, Citigroup dropped their price target on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 19th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $169.92.

ILLEGAL ACTIVITY WARNING: “Sentry Investment Management LLC Takes Position in United Rentals, Inc. (URI)” was first published by Week Herald and is the property of of Week Herald. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://weekherald.com/2018/11/10/sentry-investment-management-llc-takes-position-in-united-rentals-inc-uri.html.

United Rentals 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.

Featured Story: How to Use a Moving Average for Trading 

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

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

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply