Norinchukin Bank The raised its holdings in United Rentals, Inc. (NYSE:URI) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,594 shares of the construction company’s stock after acquiring an additional 1,837 shares during the quarter. Norinchukin Bank The’s holdings in United Rentals were worth $2,996,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Dumont & Blake Investment Advisors LLC raised its holdings in United Rentals by 0.3% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $604,000 after purchasing an additional 15 shares during the period. Profund Advisors LLC raised its holdings in United Rentals by 1.1% in the second quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after purchasing an additional 24 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in United Rentals by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock worth $708,000 after purchasing an additional 25 shares during the period. Bank of Hawaii raised its holdings in United Rentals by 0.3% in the second quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock worth $1,277,000 after purchasing an additional 30 shares during the period. Finally, Alps Advisors Inc. raised its holdings in United Rentals by 0.7% in the second quarter. Alps Advisors Inc. now owns 9,511 shares of the construction company’s stock worth $1,072,000 after purchasing an additional 62 shares during the period. 93.34% of the stock is currently owned by hedge funds and other institutional investors.
In other United Rentals news, CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald C. Roof sold 4,500 shares of United Rentals stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total transaction of $647,775.00. The disclosure for this sale can be found here. Insiders sold a total of 65,433 shares of company stock worth $9,434,570 over the last quarter. Company insiders own 1.20% of the company’s stock.
Several equities research analysts have weighed in on URI shares. Jefferies Group LLC increased their target price on shares of United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Bank of America Corporation set a $165.00 target price on shares of United Rentals and gave the stock a “buy” rating in a report on Thursday, October 19th. UBS AG set a $150.00 target price on shares of United Rentals and gave the stock a “hold” rating in a report on Thursday, October 19th. Buckingham Research started coverage on shares of United Rentals in a report on Tuesday. They issued a “neutral” rating and a $154.00 target price on the stock. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $157.00 target price (up from $130.00) on shares of United Rentals in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. United Rentals presently has a consensus rating of “Buy” and a consensus price target of $145.57.
Shares of United Rentals, Inc. (NYSE URI) traded down $0.05 during mid-day trading on Friday, reaching $153.22. 408,336 shares of the company’s stock traded hands, compared to its average volume of 1,587,722. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. United Rentals, Inc. has a 12-month low of $94.20 and a 12-month high of $155.00. The firm has a market cap of $12,962.75, a price-to-earnings ratio of 15.44, a P/E/G ratio of 0.78 and a beta of 2.65.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business earned $2.58 EPS. The company’s revenue was up 17.1% compared to the same quarter last year. equities analysts expect that United Rentals, Inc. will post 10.56 earnings per share for the current fiscal year.
United Rentals announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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