United Rentals, Inc. (URI) Holdings Lifted by Gryphon Financial Partners LLC

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Gryphon Financial Partners LLC raised its position in United Rentals, Inc. (NYSE:URI) by 169.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,502 shares of the construction company’s stock after buying an additional 944 shares during the period. Gryphon Financial Partners LLC’s holdings in United Rentals were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its position in shares of United Rentals by 93.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,245 shares of the construction company’s stock valued at $184,000 after purchasing an additional 600 shares during the period. Cerebellum GP LLC acquired a new stake in shares of United Rentals in the third quarter valued at about $187,000. Jag Capital Management LLC acquired a new stake in shares of United Rentals in the third quarter valued at about $203,000. Wagner Bowman Management Corp acquired a new stake in shares of United Rentals in the second quarter valued at about $206,000. Finally, Welch & Forbes LLC acquired a new stake in shares of United Rentals in the third quarter valued at about $215,000. 87.61% of the stock is owned by institutional investors.

Several analysts have recently issued reports on URI shares. UBS Group set a $196.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a research report on Tuesday, July 31st. Bank of America set a $186.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Wednesday, July 18th. Buckingham Research upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Friday, July 13th. Finally, Citigroup dropped their target price on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. Three equities research 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $169.92.

In other United Rentals news, Director Jose B. Alvarez purchased 544 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average cost of $107.45 per share, for a total transaction of $58,452.80. Following the completion of the transaction, the director now owns 2,413 shares of the company’s stock, valued at approximately $259,276.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jenne K. Britell purchased 435 shares of the stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average price of $115.07 per share, for a total transaction of $50,055.45. Following the completion of the transaction, the director now directly owns 27,497 shares of the company’s stock, valued at approximately $3,164,079.79. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

URI opened at $126.67 on Friday. The stock has a market cap of $10.52 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.45 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 current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 2.75.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.18. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. United Rentals’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.25 earnings per share. Equities analysts predict that United Rentals, Inc. will post 16.17 EPS for the current year.

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About United Rentals

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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