Daiwa Securities Group Inc. trimmed its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 48,361 shares of the construction company’s stock after selling 1,263 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Rentals were worth $6,028,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Seelaus Asset Management LLC raised its holdings in shares of United Rentals by 1.0% during the 2nd quarter. Seelaus Asset Management LLC now owns 8,225 shares of the construction company’s stock worth $1,091,000 after buying an additional 80 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in shares of United Rentals by 0.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 12,360 shares of the construction company’s stock worth $1,639,000 after buying an additional 85 shares in the last quarter. Coastal Investment Advisors Inc. raised its holdings in shares of United Rentals by 11.5% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 861 shares of the construction company’s stock worth $104,000 after buying an additional 89 shares in the last quarter. Citizens Financial Group Inc RI raised its holdings in shares of United Rentals by 74.8% during the 3rd quarter. Citizens Financial Group Inc RI now owns 208 shares of the construction company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its holdings in shares of United Rentals by 0.3% during the 2nd quarter. AMP Capital Investors Ltd now owns 31,990 shares of the construction company’s stock worth $4,221,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.
In other United Rentals news, Director Michael Kneeland sold 22,999 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $151.08, for a total value of $3,474,688.92. Following the completion of the transaction, the director now owns 181,973 shares of the company’s stock, valued at approximately $27,492,480.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Filippo Passerini bought 2,000 shares of the stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $110.37 per share, with a total value of $220,740.00. Following the acquisition, the director now owns 8,783 shares in the company, valued at $969,379.71. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 28,770 shares of company stock valued at $4,292,710. Insiders own 1.00% of the company’s stock.
Shares of URI opened at $155.32 on Friday. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $155.74. The business has a 50-day simple moving average of $128.39 and a two-hundred day simple moving average of $124.93. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93. The stock has a market cap of $11.05 billion, a PE ratio of 9.55, a PEG ratio of 0.64 and a beta of 2.68.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.22. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm earned $4.74 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that United Rentals, Inc. will post 19.28 EPS for the current year.
A number of research firms have recently commented on URI. UBS Group cut United Rentals from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $166.00 to $118.00 in a report on Tuesday, October 8th. Morgan Stanley lowered their price target on United Rentals from $168.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. ValuEngine cut United Rentals from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Macquarie set a $99.00 price target on United Rentals and gave the stock a “sell” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada set a $150.00 price target on United Rentals and gave the stock a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $137.67.
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 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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