Signaturefd LLC Takes $128,000 Position in United Rentals (URI)

Signaturefd LLC bought a new stake in shares of United Rentals (NYSE:URI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 743 shares of the construction company’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Dallas Securities Inc. bought a new position in United Rentals during the fourth quarter valued at about $129,000. Cypress Capital Management LLC WY raised its holdings in United Rentals by 73.0% during the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after buying an additional 325 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in United Rentals by 63.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after buying an additional 374 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in United Rentals by 200.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock valued at $206,000 after buying an additional 800 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in United Rentals during the first quarter valued at about $208,000. Institutional investors own 89.64% of the company’s stock.

In related news, SVP Jessica Graziano sold 1,635 shares of United Rentals stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $181.25, for a total transaction of $296,343.75. Following the sale, the senior vice president now directly owns 6,457 shares of the company’s stock, valued at $1,170,331.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $169.00, for a total value of $5,070,000.00. Following the sale, the chief executive officer now directly owns 249,925 shares in the company, valued at $42,237,325. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,864 shares of company stock worth $14,991,556. 1.00% of the stock is owned by company insiders.

URI has been the topic of several recent research reports. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 target price on the stock in a report on Thursday, February 1st. Morgan Stanley began coverage on United Rentals in a research report on Friday, March 2nd. They issued an “overweight” rating and a $194.00 price target on the stock. UBS raised their price target on United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Buckingham Research raised their price target on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, ValuEngine downgraded United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $188.64.

Shares of NYSE:URI opened at $169.82 on Monday. The stock has a market capitalization of $14.20 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.59 and a beta of 2.56. United Rentals has a 52-week low of $100.62 and a 52-week high of $190.74. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.92 and a current ratio of 0.97.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 18th. The construction company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.53. United Rentals had a return on equity of 39.19% and a net margin of 20.23%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business earned $1.63 earnings per share. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. sell-side analysts predict that United Rentals will post 15.53 earnings per share for the current year.

United Rentals announced that its board has authorized a share repurchase program on Wednesday, April 18th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 9.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

United Rentals Company 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.

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

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