YHB Investment Advisors Inc. raised its position in United Rentals, Inc. (NYSE:URI) by 28.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,116 shares of the construction company’s stock after buying an additional 5,581 shares during the period. YHB Investment Advisors Inc.’s holdings in United Rentals were worth $2,575,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its position in United Rentals by 0.8% during the fourth quarter. Fulton Bank N.A. now owns 15,257 shares of the construction company’s stock worth $1,564,000 after acquiring an additional 128 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in United Rentals during the third quarter worth about $49,000. DNB Asset Management AS boosted its position in United Rentals by 2.3% during the third quarter. DNB Asset Management AS now owns 15,346 shares of the construction company’s stock worth $2,511,000 after acquiring an additional 346 shares during the last quarter. Visionary Asset Management Inc. boosted its position in United Rentals by 18.3% during the third quarter. Visionary Asset Management Inc. now owns 2,303 shares of the construction company’s stock worth $377,000 after acquiring an additional 356 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in United Rentals by 1.3% during the third quarter. Arizona State Retirement System now owns 37,209 shares of the construction company’s stock worth $6,087,000 after acquiring an additional 466 shares during the last quarter. 87.51% of the stock is owned by institutional investors.
In other news, Director Jenne K. Britell acquired 435 shares of the company’s stock in a transaction on Monday, October 22nd. The shares were bought at an average cost of $115.07 per share, with a total value of $50,055.45. Following the transaction, the director now owns 27,497 shares in the company, valued at approximately $3,164,079.79. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jose B. Alvarez acquired 544 shares of the company’s stock in a transaction on Friday, October 26th. The stock was purchased at an average cost of $107.45 per share, for a total transaction of $58,452.80. Following the completion of the transaction, the director now owns 2,413 shares in the company, valued at approximately $259,276.85. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
URI traded down $1.35 during trading hours on Friday, hitting $117.43. 106,746 shares of the company’s stock were exchanged, compared to its average volume of 1,697,188. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $190.74. The company has a market cap of $9.61 billion, a P/E ratio of 11.09, a PEG ratio of 0.34 and a beta of 2.38. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 2.75.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $3.25 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts forecast that United Rentals, Inc. will post 16.27 earnings per share for the current year.
Several research firms have weighed in on URI. Bank of America set a $175.00 target price on shares of United Rentals and gave the company a “buy” rating in a report on Thursday, October 18th. Standpoint Research assumed coverage on shares of United Rentals in a report on Tuesday, October 23rd. They issued a “buy” rating and a $140.00 price objective on the stock. Citigroup decreased their price objective on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Friday. Finally, UBS Group set a $180.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $162.62.
United Rentals Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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