Sciencast Management LP acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,179 shares of the construction company’s stock, valued at approximately $496,000.
A number of other hedge funds also recently bought and sold shares of URI. Jacobi Capital Management LLC increased its position in United Rentals by 1,953.0% during the second quarter. Jacobi Capital Management LLC now owns 3,449 shares of the construction company’s stock worth $25,000 after buying an additional 3,281 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in shares of United Rentals by 105.9% during the first quarter. Hanson & Doremus Investment Management now owns 278 shares of the construction company’s stock valued at $29,000 after acquiring an additional 143 shares during the last quarter. Cornerstone Advisors Inc. increased its position in United Rentals by 68.6% during the 1st quarter. Cornerstone Advisors Inc. now owns 354 shares of the construction company’s stock worth $36,000 after purchasing an additional 144 shares in the last quarter. NuWave Investment Management LLC acquired a new position in United Rentals in the 2nd quarter valued at about $36,000. Finally, Golden State Wealth Management LLC purchased a new position in United Rentals in the 1st quarter valued at about $45,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on URI shares. Morgan Stanley boosted their price objective on shares of United Rentals from $110.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday. Goldman Sachs Group lowered United Rentals from a “conviction-buy” rating to a “buy” rating and set a $165.00 price target on the stock. in a research note on Thursday, June 4th. Oppenheimer began coverage on United Rentals in a research report on Sunday, May 3rd. They issued a “hold” rating for the company. Robert W. Baird began coverage on United Rentals in a research report on Monday, June 8th. They set an “outperform” rating and a $185.00 target price on the stock. Finally, Citigroup raised their price target on United Rentals from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $148.29.
In other United Rentals news, VP Andrew B. Limoges sold 553 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $162.80, for a total value of $90,028.40. Following the completion of the transaction, the vice president now owns 1,953 shares in the company, valued at approximately $317,948.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Kneeland sold 41,936 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $155.60, for a total transaction of $6,525,241.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
Shares of URI stock opened at $155.37 on Friday. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.00 and a beta of 2.28. The company has a quick ratio of 1.05, a current ratio of 0.84 and a debt-to-equity ratio of 2.46. United Rentals, Inc. has a fifty-two week low of $58.85 and a fifty-two week high of $170.04. The firm’s 50 day moving average price is $152.25 and its two-hundred day moving average price is $132.17.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $1.75. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.84 billion. United Rentals had a net margin of 12.37% and a return on equity of 37.16%. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.74 earnings per share. On average, equities analysts forecast that United Rentals, Inc. will post 13.17 EPS for the current fiscal year.
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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