Retirement Systems of Alabama decreased its stake in United Rentals, Inc. (NYSE:URI) by 41.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,955 shares of the construction company’s stock after selling 29,306 shares during the period. Retirement Systems of Alabama’s holdings in United Rentals were worth $7,041,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. grew its holdings in United Rentals by 3.1% during the third quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock worth $61,065,000 after purchasing an additional 13,254 shares during the period. Fulton Bank N.A. grew its holdings in United Rentals by 8.2% during the fourth quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock worth $2,105,000 after purchasing an additional 932 shares during the period. Quantitative Systematic Strategies LLC bought a new position in United Rentals during the third quarter worth about $274,000. Systematic Financial Management LP bought a new position in United Rentals during the third quarter worth about $13,807,000. Finally, State of Wisconsin Investment Board grew its holdings in United Rentals by 10.2% during the third quarter. State of Wisconsin Investment Board now owns 83,349 shares of the construction company’s stock worth $11,564,000 after purchasing an additional 7,735 shares during the period. Institutional investors own 89.45% of the company’s stock.
Shares of United Rentals, Inc. (NYSE URI) opened at $168.02 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. The stock has a market cap of $14,210.00, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.59 and a beta of 2.60. United Rentals, Inc. has a 1 year low of $100.62 and a 1 year high of $189.00.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.25 by $0.09. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the business posted $2.67 earnings per share. sell-side analysts anticipate that United Rentals, Inc. will post 15.38 EPS for the current fiscal year.
In other United Rentals news, Director Donald C. Roof sold 757 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $159.80, for a total transaction of $120,968.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jenne K. Britell sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $153.81, for a total transaction of $499,882.50. The disclosure for this sale can be found here. Insiders have sold 79,212 shares of company stock valued at $13,856,844 over the last 90 days. Company insiders own 1.20% of the company’s stock.
URI has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on United Rentals from $171.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Royal Bank of Canada reiterated a “buy” rating and set a $194.00 price target on shares of United Rentals in a report on Thursday, January 11th. Buckingham Research reiterated a “neutral” rating and set a $175.00 price target (up previously from $154.00) on shares of United Rentals in a report on Tuesday, January 9th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Jefferies Group reiterated a “buy” rating and set a $210.00 price target on shares of United Rentals in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $179.12.
About United Rentals
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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