Hodges Capital Management Inc. Boosts Holdings in United Rentals, Inc. (URI)

Hodges Capital Management Inc. grew its holdings in United Rentals, Inc. (NYSE:URI) by 73.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,805 shares of the construction company’s stock after purchasing an additional 2,030 shares during the quarter. Hodges Capital Management Inc.’s holdings in United Rentals were worth $549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of United Rentals by 8,780.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock valued at $62,000 after purchasing an additional 6,251,317 shares during the last quarter. BlackRock Inc. boosted its stake in shares of United Rentals by 2.6% in the 4th quarter. BlackRock Inc. now owns 5,930,671 shares of the construction company’s stock valued at $608,071,000 after purchasing an additional 148,206 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of United Rentals by 37.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock valued at $243,539,000 after purchasing an additional 641,130 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of United Rentals by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,872,326 shares of the construction company’s stock valued at $306,312,000 after purchasing an additional 112,939 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of United Rentals by 2.9% in the 4th quarter. FMR LLC now owns 1,557,250 shares of the construction company’s stock valued at $159,665,000 after purchasing an additional 44,492 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors.

In related news, CEO Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $132.73, for a total transaction of $3,981,900.00. Following the transaction, the chief executive officer now owns 202,237 shares of the company’s stock, valued at approximately $26,842,917.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dale A. Asplund sold 11,245 shares of United Rentals stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $125.00, for a total transaction of $1,405,625.00. Following the transaction, the executive vice president now directly owns 13,010 shares in the company, valued at approximately $1,626,250. The disclosure for this sale can be found here. Insiders have sold a total of 64,347 shares of company stock worth $8,276,837 in the last three months. 1.00% of the stock is owned by insiders.

Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Standpoint Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, OTR Global lowered shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $155.36.

United Rentals stock opened at $126.05 on Wednesday. United Rentals, Inc. has a fifty-two week low of $94.28 and a fifty-two week high of $181.66. The company has a market cap of $9.85 billion, a P/E ratio of 7.75, a PEG ratio of 0.37 and a beta of 2.49. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.78 and a current ratio of 0.83.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 23rd. The construction company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm earned $3.34 EPS. United Rentals’s quarterly revenue was up 20.0% compared to the same quarter last year. Analysts expect that United Rentals, Inc. will post 19.31 EPS for the current fiscal year.

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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 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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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