Affinity Investment Advisors LLC cut its holdings in United Rentals, Inc. (NYSE:URI) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,705 shares of the construction company’s stock after selling 5,404 shares during the period. Affinity Investment Advisors LLC owned about 0.09% of United Rentals worth $7,352,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. grew its position in United Rentals by 19.0% in the second quarter. Advisors Asset Management Inc. now owns 56,695 shares of the construction company’s stock valued at $8,369,000 after acquiring an additional 9,048 shares during the period. Schroder Investment Management Group boosted its stake in United Rentals by 163.7% in the second quarter. Schroder Investment Management Group now owns 107,691 shares of the construction company’s stock worth $15,881,000 after purchasing an additional 66,852 shares in the last quarter. Atria Investments LLC boosted its stake in United Rentals by 127.2% in the third quarter. Atria Investments LLC now owns 5,165 shares of the construction company’s stock worth $845,000 after purchasing an additional 2,892 shares in the last quarter. DNB Asset Management AS boosted its stake 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 purchasing an additional 346 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in United Rentals by 180.3% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,812 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,452 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.
United Rentals stock opened at $127.89 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 3.19. United Rentals, Inc. has a 52 week low of $94.28 and a 52 week high of $190.74. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 0.37 and a beta of 2.51.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.77 by $0.08. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm posted $3.34 earnings per share. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. Research analysts anticipate that United Rentals, Inc. will post 19.31 earnings per share for the current year.
In other news, EVP Dale A. Asplund sold 11,245 shares of the company’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $125.00, for a total transaction of $1,405,625.00. Following the transaction, the executive vice president now owns 13,010 shares of the company’s stock, valued at $1,626,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig Adam Pintoff sold 7,343 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $125.66, for a total value of $922,721.38. Following the transaction, the executive vice president now directly owns 18,720 shares in the company, valued at approximately $2,352,355.20. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
A number of research firms have commented on URI. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a research note on Wednesday, January 30th. UBS Group set a $180.00 price objective on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 18th. Bank of America set a $175.00 price objective on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 18th. Morgan Stanley reduced their price objective on United Rentals from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, Citigroup reduced their price objective on United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $157.09.
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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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