Sentry Investment Management LLC Acquires New Stake in United Rentals, Inc. (URI)

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

A number of other large investors have also added to or reduced their stakes in the business. DNB Asset Management AS raised its position in United Rentals by 2.3% in the third quarter. DNB Asset Management AS now owns 15,346 shares of the construction company’s stock worth $2,511,000 after acquiring an additional 346 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in United Rentals by 5.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,282 shares of the construction company’s stock worth $927,000 after acquiring an additional 349 shares in the last quarter. Visionary Asset Management Inc. raised its position in United Rentals by 18.3% in the third quarter. Visionary Asset Management Inc. now owns 2,303 shares of the construction company’s stock worth $377,000 after acquiring an additional 356 shares in the last quarter. HL Financial Services LLC raised its position in United Rentals by 1.2% in the second quarter. HL Financial Services LLC now owns 30,246 shares of the construction company’s stock worth $4,465,000 after acquiring an additional 359 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in United Rentals by 12.5% in the second quarter. Engineers Gate Manager LP now owns 4,100 shares of the construction company’s stock worth $605,000 after acquiring an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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

In related news, Director Jose B. Alvarez acquired 544 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average price of $107.45 per share, for a total transaction of $58,452.80. Following the transaction, the director now owns 2,413 shares in the company, valued at approximately $259,276.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald C. Roof sold 5,000 shares of United Rentals stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total value of $838,900.00. Following the sale, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Shares of URI stock opened at $126.67 on Friday. United Rentals, Inc. has a fifty-two week low of $106.48 and a fifty-two week high of $190.74. The firm 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. 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 announced its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.18. United Rentals had a return on equity of 39.46% and a net margin of 21.96%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business posted $3.25 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 16.17 earnings per share for the current fiscal year.

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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.

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

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