Eagle Asset Management Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.9% during the 1st quarter, Holdings Channel reports. The firm owned 412,060 shares of the construction company’s stock after acquiring an additional 26,567 shares during the quarter. Eagle Asset Management Inc.’s holdings in United Rentals were worth $47,077,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URI. National Pension Service increased its position in shares of United Rentals by 9.7% during the fourth quarter. National Pension Service now owns 115,408 shares of the construction company’s stock valued at $15,199,000 after buying an additional 10,171 shares during the period. UBS Oconnor LLC bought a new stake in shares of United Rentals during the fourth quarter valued at about $2,051,000. Steward Partners Investment Advisory LLC increased its position in shares of United Rentals by 4,219.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 34,082 shares of the construction company’s stock valued at $3,494,000 after buying an additional 33,293 shares during the period. Douglas Lane & Associates LLC increased its position in shares of United Rentals by 21.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 18,453 shares of the construction company’s stock valued at $1,892,000 after buying an additional 3,293 shares during the period. Finally, Stephens Inc. AR bought a new stake in shares of United Rentals during the fourth quarter valued at about $1,097,000. 88.26% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Craig Adam Pintoff sold 4,566 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $123.17, for a total value of $562,394.22. Following the transaction, the executive vice president now directly owns 17,880 shares in the company, valued at $2,202,279.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jessica Graziano sold 547 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $123.36, for a total transaction of $67,477.92. Following the transaction, the chief financial officer now owns 11,247 shares in the company, valued at $1,387,429.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,759 shares of company stock worth $5,948,491. 1.00% of the stock is owned by company insiders.
URI stock opened at $137.55 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 3.31. The company has a market capitalization of $10.68 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.40 and a beta of 2.56. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $175.42.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.21. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. United Rentals’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.87 earnings per share. As a group, sell-side analysts predict that United Rentals, Inc. will post 19.67 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. ValuEngine upgraded United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Northcoast Research reiterated a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Wednesday, January 30th. OTR Global cut United Rentals to a “positive” rating in a research report on Monday, April 1st. Finally, Morgan Stanley upped their price target on United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. United Rentals presently has a consensus rating of “Hold” and an average target price of $156.91.
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 Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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