McGuire Investment Group LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 887 shares of the construction company’s stock, valued at approximately $206,000.
A number of other hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of United Rentals by 1,347.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,003,557 shares of the construction company’s stock valued at $175,122,000 after acquiring an additional 934,233 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of United Rentals during the third quarter worth about $33,904,000. AQR Capital Management LLC increased its position in United Rentals by 110.2% in the 3rd quarter. AQR Capital Management LLC now owns 296,992 shares of the construction company’s stock valued at $51,825,000 after acquiring an additional 155,677 shares during the period. Morgan Stanley raised its stake in United Rentals by 14.4% during the 3rd quarter. Morgan Stanley now owns 1,199,565 shares of the construction company’s stock valued at $209,323,000 after acquiring an additional 151,125 shares during the last quarter. Finally, KBC Group NV raised its stake in United Rentals by 178.9% during the 3rd quarter. KBC Group NV now owns 183,533 shares of the construction company’s stock valued at $32,026,000 after acquiring an additional 117,732 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.
A number of research analysts have recently issued reports on the company. Barclays lowered United Rentals from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $145.00 to $173.00 in a report on Monday, October 19th. Bank of America upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a research note on Friday, November 20th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating and set a $194.00 target price on the stock. in a research report on Monday, October 5th. BidaskClub raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 7th. Finally, Sanford C. Bernstein began coverage on United Rentals in a research note on Tuesday, September 22nd. They set a “market perform” rating and a $188.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. United Rentals has a consensus rating of “Hold” and an average price target of $176.22.
Shares of United Rentals stock traded down $7.69 during mid-day trading on Wednesday, hitting $254.45. 677,939 shares of the stock were exchanged, compared to its average volume of 913,242. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. United Rentals, Inc. has a twelve month low of $58.85 and a twelve month high of $267.59. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 2.46. The company has a 50-day simple moving average of $237.89 and a 200 day simple moving average of $191.79.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 28th. The construction company reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $1.07. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. United Rentals had a net margin of 12.37% and a return on equity of 37.16%. During the same quarter in the prior year, the firm posted $5.96 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 15.31 earnings per share for the current fiscal year.
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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