United Rentals, Inc. (URI) Shares Bought by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC grew its stake in United Rentals, Inc. (NYSE:URI) by 169.2% during the third quarter, HoldingsChannel.com reports. The fund owned 1,502 shares of the construction company’s stock after acquiring 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.

Several other institutional investors also recently added to or reduced their stakes in URI. Moneta Group Investment Advisors LLC raised its stake in shares of United Rentals by 93.0% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,245 shares of the construction company’s stock valued at $184,000 after acquiring an additional 600 shares during the period. Cerebellum GP LLC purchased a new stake in shares of United Rentals in the 3rd quarter valued at approximately $187,000. Jag Capital Management LLC purchased a new stake in shares of United Rentals in the 3rd quarter valued at approximately $203,000. Wagner Bowman Management Corp purchased a new stake in shares of United Rentals in the 2nd quarter valued at approximately $206,000. Finally, Welch & Forbes LLC purchased a new stake in shares of United Rentals in the 3rd quarter valued at approximately $215,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of URI 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 company 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. 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 announced its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $3.25 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts forecast that United Rentals, Inc. will post 16.17 earnings per share for the current fiscal year.

In other news, Director Jose B. Alvarez purchased 544 shares of the stock in a transaction on Friday, October 26th. The stock was bought at an average price of $107.45 per share, for a total transaction of $58,452.80. Following the acquisition, the director now directly owns 2,413 shares of the company’s stock, valued at approximately $259,276.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald C. Roof sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the transaction, 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. 1.00% of the stock is owned by corporate insiders.

A number of research firms have recently issued reports on URI. Bank of America set a $175.00 price target on shares of United Rentals and gave the company a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research raised 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 note on Tuesday, July 31st. Standpoint Research assumed coverage on shares of United Rentals in a research note on Tuesday, October 23rd. They set a “buy” rating and a $140.00 target price on the stock. Citigroup cut 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 note on Friday, October 19th. Finally, Argus raised shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Monday, October 22nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. United Rentals presently has a consensus rating of “Buy” and a consensus price target of $169.92.

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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.

See Also: Outstanding Shares

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)

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